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Tag Archives: 1%
Half of world’s wealth now in hands of 1% of population – report
Half of world’s wealth now in hands of 1% of population – report Inequality growing globally and in the UK, which has third most ‘ultra-high net worth individuals’, household wealth study finds Global inequality is growing, with half the world’s wealth now in the hands of just 1% of the population, according to a new […]
Greece: Sound and Fury Signifying Much
Greece: Sound and Fury Signifying Much All of Europe, and insouciant Americans and Canadians as well, are put on notice by Syriza’s surrender to the agents of the One Percent. The message from the collapse of Syriza is that the social welfare system throughout the West will be dismantled. The Greek prime minister Alexis Tsipras […]
Ex-Im Bank is Welfare for the One Percent
Ex-Im Bank is Welfare for the One Percent This month Congress will consider whether to renew the charter of the Export-Import Bank (Ex-Im Bank). Ex-Im Bank is a New Deal-era federal program that uses taxpayer funds to subsidize the exports of American businesses. Foreign businesses, including state-owned corporations, also benefit from Ex-Im Bank. One country […]
India Plans to Build 100 “Smart” Cities for the Elites
India Plans to Build 100 “Smart” Cities for the Elites Have you ever wondered what would happen if the rich kept getting richer? I’m not talking about the 1%. They mostly consist of upper-middle-class business owners and real estate agents. No, I’m talking about the 1% of the 1%. The real power behind the throne. […]
The 2014 Elections by the Numbers – Who are the 1% of 1% Driving American Politics?
The 2014 Elections by the Numbers – Who are the 1% of 1% Driving American Politics? That said, my greater source of personal concern, outrage and sympathy beyond this particular case is focused neither upon one night’s property damage nor upon the acts, but is focused rather upon the past four-decade period during which an […]
Tomgram: Engelhardt, Is a New Political System Emerging in This Country?
Tomgram: Engelhardt, Is a New Political System Emerging in This Country? Have you ever undertaken some task you felt less than qualified for, but knew that someone needed to do? Consider this piece my version of that, and let me put what I do understand about it in a nutshell: based on developments in our […]
Income, Education and Inequality in the “Recovery”: Prepare to be Surprised
Income, Education and Inequality in the “Recovery”: Prepare to be Surprised Note to the higher education industry: issuing diplomas doesn’t magically create new jobs in the real world. By virtually any standard, wealth inequality has soared to historic levels in the six years of “recovery” since the Great Recession of 2008-09. Economist Emmanuel Saez, who has […]
Paul Tudor Jones Warns This “Disastrous Market Mania” Will End “By Revolution, Taxes, Or War”
Paul Tudor Jones Warns This “Disastrous Market Mania” Will End “By Revolution, Taxes, Or War” “This gap between the 1% and the rest of America, and between the US and the rest of the world, cannot and will not persist,” warns renowned trader Paul Tudor Jones during his recent TED Talks speech, as he addressed the question […]
The Global Economy’s “Impeccable Logic”
The Global Economy’s “Impeccable Logic” Ever since the Occupy movement coined the terms “the 1%” and “the 99%” to point out disparities of wealth and power, the gap between rich and poor has received a lot of attention. In his highly-regarded 2014 book,Capital in the Twenty-first Century, for example, Thomas Piketty’s central thesis is that […]
BREAKING BAD (DEBT) – EPISODE TWO
BREAKING BAD (DEBT) – EPISODE TWO ‘If you’re committed enough, you can make any story work. I once told a woman I was Kevin Costner, and it worked because I believed it’ – Saul Goodman – Breaking Bad “As calamitous as the sub-prime blowup seems, it is only the beginning. The credit bubble spawned abuses throughout the system. […]
What Thomas Piketty and Larry Summers Don’t Tell You About Income Inequality
What Thomas Piketty and Larry Summers Don’t Tell You About Income Inequality So-called reasonable proposals on how to fix inequality are really a bunch of hot air. In a paper for the Institute for New Economic Thinking’s Working Group on the Political Economy of Distribution, economist Lance Taylor and his colleagues examine income inequality using new […]
Do We Live on a One Party Planet? | Common Dreams | Breaking News & Views for the Progressive Community
Do We Live on a One Party Planet? | Common Dreams | Breaking News & Views for the Progressive Community. The truth can be a slippery thing. We each have a version but it slips and slides about in our minds as we deal with the constant flood of information coming at us from all […]
