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| Permalink View Article Stats (2 comments) Promoted to Headline (H4) on 4/15/11: Joseph Stiglitz: Of the 1%, by the 1%, for the 1% Quicklink submitted by Joan Brunwasser (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. That response would be misguided. While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall. For men with only high-school degrees, the decline has been precipitous-12 percent in the last quarter-century alone. All the growth in recent decades-and more-has gone to those at the top. In terms of income equality, America lags behind any country in the old, ossified Europe that President George W. Bush used to deride. |
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Abject submission
by Marika on Saturday, Apr 16, 2011 at 5:28:47 PM
Great article, as expected
by BFalcon on Saturday, Apr 16, 2011 at 10:07:55 PM