Tag Archives: income gap

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

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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 Comment

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 , , , , , , , , , , , , , , , , , , , , | 7 Comments

“If poor people knew how rich rich people are, there would be riots in the streets”

By Staff, Anticap.wordpress.com Source: Popular Resistance Chris Rock may be right. Still, Americans are well aware that economic inequality in their country is obscene, even though they often underestimate the growing gap between the poor and the rich. But it’s … Continue reading

Posted in Corporate Crime, culture, Economics, elites, Financial Crisis, Housing Crisis, Inequality, Recession, Social Control, Social Engineering, society, Sociology | Tagged , , , , , , , , , | 4 Comments

Time To Make Life Hard For The Rich

By Hamilton Nolan Source: Splinter It is time for polite, respectable, rational people to start saying what has become painfully obvious: It is time to stop respecting the rich, and start stealing from them. In earnest. Inequality is eating America … Continue reading

Posted in Activism, Corporate Crime, culture, Economics, elites, Hackers, Inequality, Revolution, society, State Crime | Tagged , , , , , , , , , , , , , , , , , | 4 Comments

Slaves and Bulldozers, Plutocrats and Widgets

By Kristine Mattis Source: CounterPunch There is not an industrial company on earth, not an institution of any kind – not mine, not yours, not anyone’s – that is sustainable. I stand convicted by me, myself alone, not by anyone … Continue reading

Posted in Activism, Consumerism, Corporate Crime, culture, Dystopia, Economics, Environment, Financial Crisis, Inequality, Philosophy, Social Control, Social Engineering, society, Sociology, State Crime, Technology | Tagged , , , , , , , , , , , , , , , , , , | 4 Comments

Human Anxiety in Late-Stage Capitalism

  By Phil Rockstroh Source: Consortium News A number of recent press articles, including an over 8,000-word feature piece in The New York Times have asked, to quote the Times’ headline, “Why Are More American Teenagers Than Ever Suffering From Severe Anxiety?” … Continue reading

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This Chart Defines the 21st Century Economy

By Charles Hugh Smith Source: Of Two Minds There is nothing inevitable about such vast, fast-rising income-wealth inequality; it is the only possible output of our financial and pay-to-play political system. One chart defines the 21st century economy and thus … Continue reading

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