http://blogs.reuters.com/macroscope/2011/12/05/inequality-highest-in-30-years-oecd-finds/ Shining a light on the dismal science Sun, 19 May 2013 04:45:41 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/macroscope/2011/12/05/inequality-highest-in-30-years-oecd-finds/comment-page-1/#comment-3108 JamesHovland Fri, 09 Dec 2011 22:32:51 +0000 http://blogs.reuters.com/macroscope/?p=6205#comment-3108 Of course it is. The CEO's took all the raises for themselves. Some so large that they had to lay-off people, file for bankruptcy, get bailed out, etc... It hasn't just been a consolidation of wealth though, it's been as much of a consolidation of power as anything. Look at the newly un-elected leaders of Greece and Italy, corporate person-hood in America, record price matched with record profits, the markets rise to political power, etc... We're watching a relatively unchallenged Capitalist take-over of our Democracies unfold. Inequality is to be expected. Of course it is. The CEO’s took all the raises for themselves. Some so large that they had to lay-off people, file for bankruptcy, get bailed out, etc… It hasn’t just been a consolidation of wealth though, it’s been as much of a consolidation of power as anything. Look at the newly un-elected leaders of Greece and Italy, corporate person-hood in America, record price matched with record profits, the markets rise to political power, etc… We’re watching a relatively unchallenged Capitalist take-over of our Democracies unfold. Inequality is to be expected.

]]> http://blogs.reuters.com/macroscope/2011/12/05/inequality-highest-in-30-years-oecd-finds/comment-page-1/#comment-3095 wrongwatch Fri, 09 Dec 2011 19:49:40 +0000 http://blogs.reuters.com/macroscope/?p=6205#comment-3095 currently, the wealthy are devoted to making sure that trickle down economics doesn't work. Well, go ahead. But when you have destroyed the middle class and made poverty the norm, the wealthy will fall into or be toppled into the same hole. Only when the wealthy commit to raising the standard of living for everyone will any kind of economics sustain. Remember, any production is the result of supply from the planet. It doesn't matter how many itoys you invent, you must have the planet to produce them. The planet belongs to everybody! currently, the wealthy are devoted to making sure that trickle down economics doesn’t work. Well, go ahead. But when you have destroyed the middle class and made poverty the norm, the wealthy will fall into or be toppled into the same hole. Only when the wealthy commit to raising the standard of living for everyone will any kind of economics sustain. Remember, any production is the result of supply from the planet. It doesn’t matter how many itoys you invent, you must have the planet to produce them. The planet belongs to everybody!

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