Tag Archives: Wealth Gap
One nation under plutocracy
By Jack Balkwill Source: Intrepid Report Americans are brought up believing a fairy tale in which there is somehow democracy in their governance. But the late, great, Leonard Cohen exposed the system’s dirty little secret, “Everybody knows that the dice … 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
Luddism and Economic Ideology
Source: the HipCrime Vocab Smithsonian Magazine has a very good feature on the Luddites, well worth a read. There are many elements you just don’t read in many economic histories; for example, the 40-hour work week was not brought down … Continue reading
Disposable Americans: The Numbers are Growing
By Paul Buchheit Source: Information Clearing House As often noted in the passionate writings of Henry Giroux, poor Americans are becoming increasingly ‘disposable’ in our winner-take-all society. After 35 years of wealth distribution to the super-rich, inequality has forced much … Continue reading
Brexit Is What Happens When the Pie Is Shrinking
By Charles Hugh Smith Source: Of Two Minds This process of withdrawal into the relative safety of internally cohesive groups and group identities is intrinsically messy in globalized, multicultural societies. A great many narratives are drifting around the Brexit pool: … Continue reading
A Universal Basic Income Is The Bipartisan Solution To Poverty We’ve Been Waiting For
What if the government simply paid everyone enough so that no one was poor? It’s an insane idea that’s gaining an unlikely alliance of supporters. By Ben Schiller Source: FastCoexist.com There’s a simple way to end poverty: the government … Continue reading
The 1 Percent’s Houses Are Getting Bigger and Swankier While Average Americans Struggle To Make Rent
For a view of the inefficiencies of the free market, there’s no clearer view than the U.S. housing market, where there are as many as 29 empty homes for every homeless person. By Bob Larson Source: In These Times Today’s … Continue reading
The Rise of “Criminal Capitalism”
By James Petras Source: Dissident Voice About 75% of US employees work 40 hours or longer, the second longest among all OECD countries, exceeded only by Poland and tied with South Korea. In contrast, only 10% of Danish workers, 15% … Continue reading
