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Tag Archives: income gap
Neoliberal Economics Destroyed the Economy and the Middle Class
By Paul Craig Roberts Source: PaulCraigRoberts.com According to official US government economic data, the US economy has been growing for 10.5 years since June of 2009. The reason that the US government can produce this false conclusion is that costs … Continue reading
Posted in Corporate Crime, Corporate Welfare, Corruption, culture, Economics, elites, Empire, Financial Crisis, imperialism, Inequality, Neoliberalism, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, State Crime
Tagged capitalism, Consumerism, Debt, Economic Collapse, economic inequality, Economics, Federal Reserve, financial crisis, Financialization, financialized economy, GDP, income gap, International Finance Corporation, Michael Hudson, Neoliberalism, US Department of Commerce, Wage Stagnation, Wealth Disparity, World Bank
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The Unraveling Quickens
By Charles Hugh Smith Source: Of Two Minds Even if we don’t measure the erosion of intangible capital, the social and political consequences of this impoverishment are manifesting in all sorts of ways. The central thesis of my new book … Continue reading
Posted in Corporate Crime, culture, Economics, elites, Financial Crisis, Inequality, Neoliberalism, Recession, Social Engineering, society, State Crime
Tagged 1%, culture, economic inequality, Economics, elites, financial crisis, Financialization, income gap, Inflation, Over-speculation, Precariat, recession, social disorder, society, Wages, Wealth, Wealth Disparity
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The ‘Hidden Mechanisms’ That Help Those Born Rich to Excel in Elite Jobs
When two sociologists interviewed highly paid architects, TV producers, actors, and accountants, they encountered work cultures that favor the already affluent. By Joe Pinsker Source: The Atlantic Over the past five years, the sociologists Daniel Laurison and Sam Friedman have … Continue reading
Posted in culture, Economics, education, elites, Inequality, Labor, Psychology, Racism, Social Engineering, society, Sociology, Work
Tagged Class, culture, economic inequality, Economics, Education, financial cushion, homophily, income gap, Jobs, Meritocracy, psychology, society, Sociology, sponsorship, Wage Disparity, Work
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Survival of the Richest
All Are Equal, Except Those Who Aren’t By Nomi Prins Source: TomDispatch.com Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality that’s hiding in plain sight. And … Continue reading
Posted in Corporate Crime, culture, Dystopia, Economics, elites, Financial Crisis, History, Inequality, Labor, Neoliberalism, Oligarchy, Recession, Social Control, Social Engineering, society, State Crime, Work
Tagged central banks, Collusion, Dystopia, economic inequality, Economic Meltdown, Economics, elites, Federal Reserve, financial crisis, George Orwell, Income, income gap, J.P. Morgan, The Gilded Age: A Tale of Today, Wealth
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The Richest Sociopath in the World
By John Rachel Source: Dissident Voice Obviously the above pie chart is a put-on. It is well-documented that working conditions for most employees of Amazon are abysmal, dehumanizing, bordering on abuse we normally associate with slavery. Moreover, the median employee’s salary under Jeff Bezos’ imperial … Continue reading
Posted in Corporate Crime, culture, Economics, elites, Financial Crisis, Inequality, Labor, Neoliberalism, Revolution, Social Control, Social Engineering, society
Tagged Amazon, Business, capitalism, Corporate Crime, economic inequality, Economics, elites, income gap, Jeff Bezos, Labor, sociopaths, Wealth Concentration, Wealth Disparity
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What’s Wrong with the Economy: 9 Toxic Dynamics
By Charles Hugh Smith Source: Of Two Minds These nine dynamics are mutually reinforcing. Beneath the surface signals of an eternally rising stock market and expanding GDP, we all sense something is deeply, systemically wrong with the U.S. economy. These … Continue reading
Posted in Corporate Crime, culture, Economics, elites, Financial Crisis, Inequality, Labor, Neoliberalism, Social Control, Social Engineering, society, Work
Tagged Asset Bubbles, Economic Collapse, Economic Growth, economic inequality, Economics, elites, financial crisis, Financialization, Fossil Fuels, Globalization, income gap, Labor, Over-speculation, Stock Market, technology, US Economy, wall street, Wealth Concentration, Wealth Disparity
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Assets of world’s “high net wealth” millionaires surged to $70 trillion in 2017
By Barry Grey Source: WSWS.org The concentration of the planet’s wealth in the hands of a narrow financial elite is growing by leaps and bounds. A new report published Tuesday reveals that the wealth of the world’s 18.1 million “high … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Neoliberalism, Social Control, Social Engineering, society, State Crime
Tagged 1%, Aristocracy, Capgemini, Economic Collapse, economic inequality, Economics, elites, financial crisis, financial elite, high net wealth individual, HNWI, income gap, Oligarchy, Plutocracy, Revolution, Trillionaires, wall street, Wealth Concentration, World Hunger, World Wealth Report 2018
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A 2% Financial Wealth Tax Would Provide A $12,000 Annual Stipend To Every American Household
Careful analysis reveals a number of excellent arguments for the implementation of a Universal Basic Income. By Paul Buchheit Source: Nation of Change It’s not hard to envision the benefits in work opportunities, stress reduction, child care, entrepreneurial activity, and … Continue reading
Posted in Corporate Welfare, culture, Economics, elites, Financial Crisis, Inequality, Labor, Recession, society, Sociology, Technology, Work
Tagged 1%, 99%, Arts and Sciences, big data, Big Pharma, economic inequality, Economics, elites, Entrepreneurs, financial crisis, income gap, Poverty, Progressive Tax, Stock Market, technology, UBI, unemployment, Universal Basic Income, wall street, Wealth Disparity, Wealth Tax
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Desultory Heroics 