Tag Archives: economic inequality

Now Just Five Men Own Almost as Much Wealth as Half the World’s Population

By Paul Buchheit Source: CommonDreams Last year it was 8 men, then down to 6, and now almost 5. While Americans fixate on Trump, the super-rich are absconding with our wealth, and the plague of inequality continues to grow. An analysis of 2016 data found that the … Continue reading

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Are We (Collectively) Depressed?

By Charles Hugh Smith Source: Of Two Minds We need to encourage honesty above optimism. Once we can speak honestly, there is a foundation for optimism. Psychoanalysis teaches that one cause of depression is repressed anger. The rising tide of … Continue reading

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America’s Oligarchs Will Control 70% Of National Wealth By 2021

By Whitney Webb Source: AntiMedia America’s rich just won’t quit getting richer, according to a new study released in mid-June by the Boston Consulting Group (BCG), a global management consulting firm. The study, which seeks to analyze the global wealth … Continue reading

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The Crisis of US Imperial Governance and the Struggle for a New World

By Danny Haiphong Source: Black Agenda Report “Economic crisis at home and endless war abroad has placed finance and monopoly capital in political disarray.” When I was here last year, I spoke a lot about ideology and how the struggle … Continue reading

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Deep State, shallow politics, dumb economics

By Frank Scott Source: Intrepid Report In 1965, the USA had 780,000 people in prison, jail, on parole or on probation. By 2010, that population had grown by more than nine times, to 7 million and the prison business was … Continue reading

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Luddism and Economic Ideology

Source: the HipCrime Vocab Smithsonian Magazine has a very good feature on the Luddites, well worth a read. There are many elements you just don’t read in many economic histories; for example, the 40-hour work week was not brought down … Continue reading

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Our Hopelessly Dysfunctional Democracy

By Charles Hugh Smith Source: Of Two Minds When the system is rigged, “democracy” is just another public-relations screen to mask the unsavory reality of Oligarchy. Democracy in America has become a hollow shell. The conventional markers of democracy–elections and … Continue reading

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Disposable Americans: The Numbers are Growing

By Paul Buchheit Source: Information Clearing House As often noted in the passionate writings of Henry Giroux, poor Americans are becoming increasingly ‘disposable’ in our winner-take-all society. After 35 years of wealth distribution to the super-rich, inequality has forced much … Continue reading

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