Tag Archives: Wealth Disparity

The social and economic roots of the attack on democratic rights

Inequality and the American oligarchy By Eric London Source: WSWS.org A report published September 27 by the US Federal Reserve, the Survey of Consumer Finances, shows that the top 10 percent of Americans now own 77 percent of all wealth. … Continue reading

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And empires die

Source: Intrepid Report Nothing ever seems to last, everybody changes oh so fast, promises made promises lost and pride is kept at any cost, And flowers die, and children cry, and lonely people carry on. —Palermo & Farruggio 1970 That … Continue reading

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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

Posted in Consumerism, Corporate Crime, culture, Deep State, Dystopia, Economics, Empire, Financial Crisis, History, Inequality, media, Recession, Social Control, Social Engineering, society, Sociology, State Crime, Work | Tagged , , , , , , , , , , , , | 1 Comment

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

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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

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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

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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

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The Crisis of US Imperial Governance and the Struggle for a New World

By Danny Haiphong Source: Black Agenda Report “Economic crisis at home and endless war abroad has placed finance and monopoly capital in political disarray.” When I was here last year, I spoke a lot about ideology and how the struggle … Continue reading

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