Tag Archives: inequality

Income Inequity Is a Choice

Income Inequity Is a Choice
As the U.S. celebrates its 238th anniversary this week, during a year in which income inequality reached heights not seen in almost a century, now is as good a time as any to ask whether American democracy and its winner-take-all capitalistic system are compatible or need to part ways. It’s particularly important ... Read more

Toward the Total Paralysis of an Unequal Society

Toward the Total Paralysis of an Unequal Society
The severing of our society into a plutocracy and a peasantry is so far along that statistics almost cease to have meaning. But the facts have to be told, to help explain the sickening sense that we're becoming a nation without a middle class, paralyzed by the inequality deniers and excuse ... Read more

Creditocracy or Democracy?

Creditocracy or Democracy?
The formula used to trap personal debtors today is much the same as the International Monetary Fund’s formerly controversial lending arrangements to poor countries — loan installments are made so that borrowers can service existing debts, while the principal is rolled over. With average incomes stagnant or falling, ... Read more

Self Help is no help for inequality

Self Help is no help for inequality
We’re a nation founded on the Protestant work ethic. Our forefathers came to America with the idea that diligent efforts and thrift demonstrated both godliness and virtue — and would result in worldly success. The self-help industry is the modern secular version of our grounding myth. It’s a $10 billion ... Read more

Government Is Now a Protection Racket for the 1%

Government Is Now a Protection Racket for the 1%
A new report shows that top CEOs were paid 331 times more than the average US worker in 2013. At the same time, the poorest fifth of Americans paid an average tax rate of 11 percent while the richest one percent contributed half that rate at state and local levels. In this essay, Bill Moyers ... Read more

New study finds US to be ruled by oligarchic elite

New study finds US to be ruled by oligarchic elite
The way we perceive business power and define the capitalist state will inevitably have serious implications for our political strategies. The danger with empirical studies that narrowly emphasize the role of elites at the expense of the deeper structural sources of capitalist power is that ... Read more