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Tag Archives: Wealth Disparity
The Real Threat to Democracy is Corrupting Wealth Inequality
By Charles Hugh Smith Source: Of Two Minds Imagine a town of 1,000 adults and their dependents in which one person holds the vast majority of wealth and political influence. Would that qualify as a democracy? Now imagine that 100 of … Continue reading
Posted in Authoritarianism, Corporate Crime, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Inequality, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, State Crime, Technocracy
Tagged Democracy, Dystopia, economic inequality, Economics, elites, empire, Federal Reserve, financial crisis, Financialization, Globalization, Kleptocracy, Oligarchy, Plutocracy, Technocracy, Wealth Disparity
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What “Normal” Are We Returning To? The Depression Nobody Dares Acknowledge
By Charles Hugh Smith Source: Of Two Minds Perhaps we need an honest national dialog about declining expectations, rising inequality, social depression and the failure of the status quo. Even as the chirpy happy-talk of a return to normal floods the airwaves, … Continue reading
Posted in conditioning, Corporate Crime, corporate news, culture, Dystopia, Economics, education, elites, Financial Crisis, Inequality, Labor, media, Oligarchy, Psychology, Recession, Social Control, Social Engineering, society, Sociology, State Crime, Work
Tagged American exceptionalism, Anger, Corporate Welfare, culture, despair, downward mobility, Economic Collapse, economic inequality, Economics, Education, financial crisis, Inequality, Middle Class, Oligarchy, psychology, recession, social defeat, society, Sociology, systemic injustice, unemployment, Wealth Disparity
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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 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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1% Politics and the New Gilded Age
Citibank Continue reading
Posted in Corporate Crime, Corruption, culture, Dirty Politics, Dystopia, Economics, elites, Financial Crisis, Inequality, Neoliberalism, Oligarchy, Social Control, Social Engineering, society, State Crime
Tagged 1%, College Admissions, economic inequality, Economics, Education, elites, Federal Election Commission, Gilded Age, Goldman Sachs, Oligarchy, Plutocracy, political corruption, Ted Cruz, Wage Stagnation, Wealth Concentration, Wealth Disparity
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Prices, plutocrats, and corporate concentration
Would less corporate concentration – and a weaker corporate capacity to raise prices – mean less inequality? By Sam Pizzigati Source: Nation of Change Andrew Leigh, a member of the Australian parliament, has a side gig. He just happens to … Continue reading
Posted in Corporate Crime, corporate news, culture, Economics, elites, Financial Crisis, Inequality, Labor, Law, Neoliberalism, Oligarchy, Social Control, Social Engineering, society, Sociology, Work
Tagged Andrew Leigh, antitrust, Cartels, Corporate Concentration, economic inequality, Economics, elites, financial crisis, Income Inequality, Monopolies, Neoliberalism, Oligarchy, Pay Ratio, Plutocracy, Wealth Concentration, Wealth Disparity
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Wealth of 400 richest Americans hits record $2.9 trillion
By Alec Anderson Source: WSWS.org On Wednesday, the US finance magazine Forbes released its annual “Forbes 400” list of wealthiest Americans, revealing an immense increase in wealth among the top social stratum in the United States. The total net worth … Continue reading
Posted in Dystopia, Economics, elites, Financial Crisis, Inequality, Social Control, society, Technology
Tagged Amazon, Bill Gates, capitalism, CEO Compensation, Corporate CEOs, Democrats, Donald Trump, Duopoly, Dystopia, economic inequality, Economics, elites, Facebook, financial crisis, Forbes 400, Google, Jack Dorsey, Jeff Bezos, Microsoft, Oligarchs, Oligarchy, Plutocracy, Republicans, Trillionaires, Twitter, wall street, Wealth Concentration, Wealth Disparity
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Desultory Heroics 