Are the rich getting richer and the poor getting poorer?

Steven N.S. Cheung has his doubts about the most famous parable about the theory of the firm

WELFARE FACTS #2: BENEFIT FRAUD ON THE RISE

Business Roundtable's avatarRoger Kerr, New Zealand Business Roundtable Executive Director

Three separate welfare stories caught my eye this week, all on benefit fraud.  The Bay of Plenty Times reported that more than $1 million of benefit fraud was committed by 41 Western Bay people prosecuted in the 18 months to the end of last year.  According to a lawyer for the Ministry of Social Development, benefit fraud is on the rise.

Benefit fraud cost New Zealand taxpayers nearly $16 million last year, and fraud detected by the Ministry has almost doubled from $8.1 million five years ago. That figure includes fraud committed by 10 social welfare staff, who were sacked for ripping off the system.

 MSD chief executive Peter Hughes says:

I do not tolerate benefit fraud and whenever a client has [been] deliberately involved in planned and premeditated benefit fraud they are prosecuted.

And yet I read in Tuesday’s New Zealand Herald about 5000 people who had moved…

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One to watch on BBC One

Hadar Sela's avatarBBC Watch

On Wednesday July 10th, at 9 p.m. UK time, BBC One will air an edition of ‘Panorama’ titled “Is Labour Anti-Semitic?”.

“Panorama goes inside the anti-Semitism crisis gripping Jeremy Corbyn’s Labour Party. With exclusive interviews from key insiders and access to confidential communications and documents, this is the story of how the crises developed. Reporter John Ware reveals the evasions and contradictions at the heart of the political party which leader Jeremy Corbyn says has anti-racism at its very core.”

Reactions from the Labour party have already been forthcoming.

“A row has broken out in the senior ranks of the Labour party after it emerged it was trying to use non-disclosure agreements against former staffers who contributed to what is expected to be a critical documentary about Jeremy Corbyn’s team and antisemitism. […]

The split was triggered by Labour’s response to an approach from the BBC about…

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2 women’s soccer leagues failed in US and the current NWSL averages 4,400 spectators a game and is back again on @YouTube

From https://www.forbes.com/sites/mikeozanian/2019/03/07/world-cup-soccer-pay-disparity-between-men-and-women-is-justified/amp/?__twitter_impression=true

How can food insecurity be so linked to obesity but still be a meaningful measure of deprivation? The poor were thin in my day.

Social Media and Hate Speech: Who Gets to Decide?

The Future of Airliners? – Aurora D8

Lucas and Stokey explain bank runs

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Religion and marriage

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I is for INFORMATION Asymmetry (The A2Z of Economics 9/26)

X is for X-EFFICIENCY (The A2Z of Economics 24/26)

Do the Brits hate the French?! – WW2 – 045 – July 6 1940

Western Civility Not Left-Wing Savagery

gjihad's avatarGreen Jihad

The Left’s origins were a reaction to the Enlightenment, in which the fountainhead of their movement is Jean-Jacques Rousseau. The Left is fundamentally opposed to rationality as evidenced by their hostility to science, technology and, civilization. Instead they teach that primitive cultures (i.e. the barbaric or savage) are the ideal human condition. Regardless if it is their National Socialist cousins of the late 1930s or present-day environmentalist terrorists, Leftists have always harbored affections for mass movements based on barbarism and savagery.

The progress achieved by Western Civilization is the legacy of our embracing the ideas of the Renaissance and the Enlightenment (a.k.s. the Age of Reason). Parts of the world that expressly dismiss or are not influenced by rational, Western thought tend to be Third World or so-called developing countries. Consequently, Leftists seek to bolster and defend Third Worlder feelings and even their cultural manners in which they bristle at…

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The Battle of the Somme – Brusilov On His Own I THE GREAT WAR – Week 102

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