Visualizing the financial "meltdown"
Considering how deftly Wall Street elites and CEOs managed to siphon money from Main Street, workers, and shareholders over the past couple of decades (aided and abetted by the Clinton and Obama administrations, in addition to Reagan and the Bushes), I've been wondering if the "financial meltdown" should be called a "financial meltup."
I ran across this bit of (admittedly oversimplified) data visualization in a blog post titled Watch The Other Guys Closing Credits Explaining Economic Collapse. I liked this quote in one of the comments (by someone calling themselves "The Economy"):
When executive compensation DOUBLES IN A DECADE , that's is obviously a systemic problem. When CEO compensation packages have again doubled in a decade WHILE everyone else is losing their jobs, that's a systemic problem. When Goldman gets off still having made money from destroying the economy, thats a ****ing systemic problem.
I ran across this bit of (admittedly oversimplified) data visualization in a blog post titled Watch The Other Guys Closing Credits Explaining Economic Collapse. I liked this quote in one of the comments (by someone calling themselves "The Economy"):
When executive compensation DOUBLES IN A DECADE , that's is obviously a systemic problem. When CEO compensation packages have again doubled in a decade WHILE everyone else is losing their jobs, that's a systemic problem. When Goldman gets off still having made money from destroying the economy, thats a ****ing systemic problem.