Rising Hegemon
Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation’s income—an inequality even the wealthy will come to regret. ... In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent.
That's economist Joseph Steiglitz. So much for his appearances on television. And here's the ultimate conclusion:
The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn’t seem to have bought: an understanding that their fate is bound up with how the other 99 percent live. Throughout history, this is something that the top 1 percent eventually do learn. Too late.
6 comments:
Everyone remain calm. Please move forward in an orderly fashion. Once you cross the yellow line you will receive your fair share of the golden trickle down. That's enough. No shoving. Please move to the dying area in an orderly fashion.
Time to refresh the torches, sharpen the pitchforks, grease the tumbrels, and oil up the guillotines.
Please move to the dying area in an orderly fashion.
I was writing too early and with no coffee. Dying area should have been "drying" area. However, upon further review, maybe dying area is more appropriate.
the rich in france did pretty well with all them serfs. til the late 1700's at least. let us eat pringle's. look at all the flavors.
I wouldn't be so sure about history teaching the 1% much of anything. They can and have been pretty good spinners all along in turning citizens against each other.
marie antoinette just had bad PR.
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