Tag Archives: income gap
The Value of Everything
By James Howard Kunstler Source: Kunstler.com We are looking more and more like France on the eve of its revolution in 1789. Our classes are distributed differently, but the inequity is just as sharp. America’s “aristocracy,” once based strictly on … Continue reading
America’s Rich Are Completely Losing Touch With Reality — and That’s a Really Bad Sign
By Shaun Bradley Source: AntiMedia The divide between wealthy and working class has grown wider each year since the last financial crisis, but this disconnect is about much more than just money or politics. The super-rich, in particular, have become … Continue reading
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
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
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
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
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
The Acquisitive Self, Minus the Self
By Natasha Vargas-Cooper Source: The Baffler Los Angeles isn’t exactly the place that comes to mind when you think of decorous restraint in the display of wealth, even in the dregs of the Great Recession. Here in my hometown, possibly … Continue reading
