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How Capitalist Utopia Became Everyone Else's Dystopia

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This article begins by comparing two graphs--1) the history of the top 1% vs the bottom 50% national income shares from 1980 through 2016 for the US and 2) the same dat for Western Europe. The data for the US is not surprising, but that for Western Europe is vastly different. Ours shows disaster for the bottom 50%, while theirs shows a stable and reasonable division. 

The rest of the article discusses these two graphs and why they are so drastically different. 

It’s a very good read.

Read the rest of the story HERE:

At eand.co

 

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I am a retired physicist and hold a B.S. in Ch. E. as well. I have been an environmental activist since the early 1970s. I was a founding member of the Save Barton Creek Association in Austin, TX. In 2006 I was a member of a select committee (more...)
 

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