Consequences of growing inequality in wealth, income, and power.

Summary: Part One looked at America's rising inequality. Today we look at the resulting wide range of ill effects, a major driver building a New America. A rising concentration of income and wealth quickly becomes self-perpetuating as the 1% exploits their control of the government to gain yet more money and power. At some point … Continue reading Consequences of growing inequality in wealth, income, and power.

Growing inequality powers the rise of New America

Summary: Five years ago I wrote my first article about the problem of rising inequality in America. Now it's become big time following a speech by President Obama. Today we review the evidence about the problem Additional information added Sunday morning, and the post broken into two. This is now part one. Part Two looks … Continue reading Growing inequality powers the rise of New America

Another view of New America: inequality, low social mobility, rising heroin use. Fun, but not for all.

Summary: A different perspective on the New America arising now. Heroin, unemployment, and inequality -- bricks in the structure. I have attempted -- with, I suspect, little success -- to convey to you that we have left America That Once Was and begun a journey to a New America. We were relaxing by the river, … Continue reading Another view of New America: inequality, low social mobility, rising heroin use. Fun, but not for all.

A modern conservative dresses up Mr. Potter to suit our libertarian fashions

Summary:  Today, like every day, we get a serving of glittering myths from a conservative economist.  Today we get a"just so" story justifying our high levels of unemployment and income inequality.  Another of the barrages of chaff shot into our minds keep us docile, our OODA loops confused.  We must see the true situation in order to even … Continue reading A modern conservative dresses up Mr. Potter to suit our libertarian fashions