Tag Archives: Wealth Disparity

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

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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

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1% Politics and the New Gilded Age

Citibank Continue reading

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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

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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

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The Richest Sociopath in the World

By John Rachel Source: Dissident Voice Obviously the above pie chart is a put-on. It is well-documented that working conditions for most employees of Amazon are  abysmal, dehumanizing, bordering on abuse we normally associate with slavery. Moreover, the median employee’s salary under Jeff Bezos’ imperial … Continue reading

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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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Why America is the World’s First Poor Rich Country

Or, How American Collapse is Made of a New Kind of Poverty By Umair Haque Source: Eudaimonia Consider the following statistics. The average American can’t scrape together $500 for an emergency. A third of Americans can’t afford food, shelter, and healthcare. … Continue reading

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