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Tag Archives: Income Inequality
America’s Social Contract Is Broken
By Charles Hugh Smith Source: Of Two Minds I do not claim any expertise in social contract theory, but in broad brush we can delineate two implicit contracts: one between the citizenry and the state (government) and another between citizens. We … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Inequality, Neoliberalism, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Banana Republics, Corruption, Dystopia, Economic Collapse, Economics, elites, feudalism'capitalism, financial crisis, Government, Income Inequality, Neofeudalism, Oligarchy, social contract, Trickle down economics
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The Fourth Turn, Turn, Turn
By Charles Hugh Smith Source: Of Two Minds The cycles of The Fourth Turning, Fischer and Turchin are all in alignment at this point in history.. The 1997 book The Fourth Turning: An American Prophecy proposed a cyclical pattern of four 20-year … Continue reading
Posted in Consumerism, Corporate Crime, culture, Dystopia, Economics, elites, Energy, Environment, Financial Crisis, History, Inequality, Neoliberalism, Oligarchy, Social Control, Social Engineering, society, Sociology, State Crime, Technocracy
Tagged Ages of Discord, Consumerism, David Hackett Fischer, Degrowth, Economic Collapse, Economics, Energy, environment, financial crisis, Income Inequality, Industry, Neil Howe, Oligarchy, Peter Turchin, technology, The Fourth Turnind, The Great Wave: Price Revolutions and the Rhythm of History, transition economy, Wealth Gap, William Strauss
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What’s Changed and What Hasn’t in a Tumultuous Year
By Charles Hugh Smith Source: Of Two Minds Inequality is America’s Monster Id, and we’re continuing to fuel its future rampage daily. What’s changed and what hasn’t in the past year? What hasn’t changed is easy: 1. Wealth / income inequality … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, Financial Crisis, Labor, Oligarchy, Social Control, Social Engineering, society, Sociology, State Crime, Work
Tagged central banks, Dystopia, Economic Collapse, economic inequality, Economics, elites, financial crisis, Income Inequality, Over-speculation, tourism, Wage Stagnation, Wealth
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The Coming War on Wealth and the Wealthy
By Charles Hugh Smith Source: Of Two Minds Here’s looking at you, Federal Reserve–thanks for perfecting ‘legalized looting’ and neofeudalism in America. The problem with pushing a pendulum to its maximum extreme on one end is that it will swing … Continue reading
Posted in civil disobedience, Corporate Crime, culture, Dystopia, Economics, elites, Financial Crisis, Inequality, Oligarchy, Revolution, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Economic Collapse, Economics, elites, Federal Reserve, financial crisis, financializzation, Income Inequality, legalized looting, Neofeudalism, Oligarchy, Social Unrest, Wealth Gap
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The Top 10%’s Bubble Is About to Burst
By Charles Hugh Smith Source: Of Two Minds When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real. A great … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Financial Crisis, Inequality, Neoliberalism, Oligarchy, Recession, Revolution, Social Control, Social Engineering, society, Sociology, State Crime, Technocracy
Tagged asset deflation, Dystopia, economic bubbles, Economic Collapse, economic inequality, Economics, elites, Federal Reserve, financial crisis, Financialization, Globalization, Income Inequality, Meritocracy, Neoliberalism, Oligarchy, Technocracy
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What’s the future of U.S. democracy? More inequality, polarization and violence
It might have been irrelevant whether Biden or Trump won this election. Yes, the problems are that bad By Ramzy Baroud Source: Information Clearing House In January 2017, the Economist Intelligence Unit’s Democracy Index downgraded the state of democracy in the United … Continue reading
Posted in Authoritarianism, Corruption, culture, Deep State, Economics, elites, Empire, Financial Crisis, Inequality, Militarization, Oligarchy, Recession, Social Control, Social Engineering, society, State Crime
Tagged bernie sanders, Democracy Index, Democrats, Donald Trump, Election 2020, Failed State, financial crisis, Income Inequality, inequality gap, Militarization, Oligarchy, Plutocracy, Political polarization, Populism, Republicans
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‘$2.5 TRILLION THEFT’ – STUDY SHOWS RICHEST 1% OF AMERICANS HAVE TAKEN $50 TRILLION FROM BOTTOM 90% IN RECENT DECADES
The median U.S. worker salary would be around twice as high today if wages kept pace with economic output since World War II, new research revealed. By Brett Wilkins Source: Common Dreams New research published Monday found that the top … Continue reading
Posted in Corporate Crime, culture, Dystopia, Economics, elites, Financial Crisis, Labor, Neoliberalism, news, Oligarchy, Recession, Social Control, Social Engineering, society, State Crime
Tagged Amazon, Americans for Tax Fairness, Billionaires, Economic Collapse, Economics, elites, Fair Work Center, financial crisis, food insecurity, Income Inequality, Jeff Bezos, Oligarchy, Poverty, Wealth Gap
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The 5-Step CEO pay scam
Grossly widening inequalities of income and wealth cannot be separated from grossly widening inequalities of political power in America. This corruption must end. By Robert Reich Source: Nation of Change Average CEO pay at big corporations topped 14.5 million dollars in … Continue reading
Posted in Corporate Crime, Corruption, culture, Economics, elites, Financial Crisis, Labor, Law, Oligarchy, Social Control, Social Engineering, society, Sociology, Work
Tagged CEO Pay, CEOs, Corporate Tax Cuts, Corporate Welfare, Economics, Income Inequality, Oligarchy, Pay Gap, Plutocracy, political corruption, stock buybacks, Wealth Disparity
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Desultory Heroics 