Tag Archives: Wealth

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

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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

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Billionaires are a Sign of Economic Failure

Inherited wealth and crony capitalism have created an aristocratic class that undermines social mobility and democracy By Max Lawson Source: Inequality.org The New York Times published an editorial comment on its front page in January 2019, provocatively entitled “abolish billionaires.” The … Continue reading

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Let us now stop praising famous men (and women)

By David V. Johnson Source: aeon.com After the Notre-Dame Cathedral in Paris nearly burned down in April, the French luxury-goods magnate François-Henri Pinault was celebrated for committing €100 million to reconstruct what he called ‘this jewel of our heritage’ and … Continue reading

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Survival of the Richest

All Are Equal, Except Those Who Aren’t By Nomi Prins Source: TomDispatch.com Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality that’s hiding in plain sight. And … Continue reading

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Why We’re Blind to the System Destroying Us

By Jonathan Cook Source: Information Clearing House I rarely use this blog to tell readers what they should believe. Rather I try to indicate why it might be wise to distrust, at least without very good evidence, what those in … Continue reading

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Eternity, nature, society and the absurd fantasies of the rich

By Kurt Cobb Source: Resilience Professor and author Douglas Rushkoff recently wrote about a group of wealthy individuals who paid him to answer questions about how to manage their lives after what they believe will be the collapse of society. … Continue reading

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Jeff Bezos’ Paper Tells You Not to Worry About Those Billionaires

By Dean Baker Source: FAIR Just when you thought economic commentary in the Washington Post couldn’t get any more insipid, Roger Lowenstein proves otherwise. In a business section “perspective” (7/20/18), he tells readers: But what if inequality is the wrong metric. Herewith … Continue reading

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