As the Economic Policy Institute has reported, the richest 10 percent of Americans received an unconscionable 100 percent of the average income growth in the years 2000 to 2007
Depressing comment is depressingcyranothe2ndMarch 26 2011, 23:32:05 UTC
Americans behave as if this is somehow normal or acceptable. It shouldn’t be, and didn’t used to be. Through much of the post-World War II era, income distribution was far more equitable, with the top 10 percent of families accounting for just a third of average income growth, and the bottom 90 percent receiving two-thirds. That seems like ancient history now.
Before the neoliberal classical economists gained so much political power, you mean? *sigh*
Hopefully his book will equal Naomi Klein's "The Shock Doctrine" in levels of awesome. But I really fear that America is in for some dark times before things get better. Too many people buy into the ideology, I think (and, even worse, spread it across the globe through endless war and disaster economics). We'll cling to our dying empire long after its ceased to matter.
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I'll definitely miss him. He routinely had great pieces.
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HOLY SHIT, I was not aware of this. FUCK THIS.
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Before the neoliberal classical economists gained so much political power, you mean? *sigh*
Hopefully his book will equal Naomi Klein's "The Shock Doctrine" in levels of awesome. But I really fear that America is in for some dark times before things get better. Too many people buy into the ideology, I think (and, even worse, spread it across the globe through endless war and disaster economics). We'll cling to our dying empire long after its ceased to matter.
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