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Tag Archives: 1%
We Are On Our Own In The Post-Covid World
We Are On Our Own In The Post-Covid World It’s time to be our own heroes, because those in charge sure won’t be Even before the coronavirus pandemic hit, things weren’t all that great for the bottom 90% of households. The median household was barely scraping by with ultra-low financial reserves, meager retirement savings and […]
Inequality On Rise – Many Of 99% Dirt Poor As Rich Gain
Inequality On Rise – Many Of 99% Dirt Poor As Rich Gain Inequality has soared over the last several months with billionaires seeing huge gains in their wealth while many people are getting slammed. Much of the adverse effect on the average American has so far been masked by trillions of dollars flowing from the […]
Poetic Justice Coming For The 1%
Poetic Justice Coming For The 1% To understand just how grim the coming decade is likely to be for the world’s super-rich, let’s start with three premises: 1) Capitalist democracy — defined as free individuals managing their own property and periodically electing new leaders — is the only system of social organization that’s consistent with […]
See You on the Dark Side of the Moon
SEE YOU ON THE DARK SIDE OF THE MOON And if the cloud bursts thunder in your earYou shout and no one seems to hearAnd if the band you’re in starts playing different tunesI’ll see you on the dark side of the moon Brain Damage, Pink Floyd And if the dam breaks open many years […]
THE WOLF STREET REPORT: How the Fed Boosts the 1%, as Told by the Fed
THE WOLF STREET REPORT: How the Fed Boosts the 1%, as Told by the Fed Even the upper middle class loses share of household wealth to the 1%. The bottom half gets screwed.
France’s Yellow Vests: Proving Police Are Indeed Part of the 1%
France’s Yellow Vests: Proving Police Are Indeed Part of the 1% 8,000+ arrested, 500 major injuries, 2,000+ imprisoned (as of Feb. 14), 1,500+ awaiting trials (Feb. 14), 12 deaths, 20+ blindings, 6 hands lost, 10,000+ rubber bullets fired. Cops never switch sides – they have too much to lose. The demonstration for “Acte 16”, on March […]
Tomgram: Nomi Prins, A World That Is the Property of the 1%
Tomgram: Nomi Prins, A World That Is the Property of the 1% This year, I simply couldn’t get one fact out of my head: according to a 2017 report from the Institute for Policy Studies, three billionaires — Jeff Bezos, Warren Buffet, and Bill Gates — have amassed as much wealth as the bottom half […]
The Richest 1% Will Own Two-Thirds Of Global Wealth By 2030, Report Finds
The Richest 1% Will Own Two-Thirds Of Global Wealth By 2030, Report Finds Back in November, Credit Suisse highlighted an alarming – yet altogether unsurprising – milestone in the increasing concentration of global wealth that has been perhaps the most influential force behind the populist revolts that rocked the US in 2016 and have continued […]
The Pie Is Shrinking So Much The 99% Are Beginning To Starve
Melissa E Dockstader/Shutterstock The Pie Is Shrinking So Much The 99% Are Beginning To Starve How much longer until the pitchforks come out? Social movements arise to solve problems of inequality, injustice, exploitation and oppression. In other words, they are solutions to society-wide problems plaguing the many but not the few (i.e. the elites at […]
The Billionaire Boom: 82% of Global Wealth Produced Last Year Went to Richest 1%
The Billionaire Boom: 82% of Global Wealth Produced Last Year Went to Richest 1% Photo by Nathaniel St. Clair Forida is a 22-year-old sewing machine operator in a clothing factory in Dahka, Bangladesh. She often works 12-hour days producing clothes for brands such as H&M and Target. Sometimes, during busy production cycles, the hours are […]
Joseph Stiglitz – “American Inequality Didn’t Just Happen…It Was Created.”
Joseph Stiglitz – “American Inequality Didn’t Just Happen…It Was Created.” Yesterday, I came across an excerpt from a book written by economist Joseph Stiglitz, which touched upon many crucial points regarding the U.S. economy. I think it’s an important read since it helps explain the roots of the current rebellion taking place within the political […]
The One Percent Rallies Behind IMF Director Christine LaGarde
The One Percent Rallies Behind IMF Director Christine LaGarde Washington removed Dominique Strauss-Kahn as the leading contender for the French presidency and as director of the IMF by framing him on phony charges of raping a New York hotel maid. The obviously false charge was proven to be totally fabricated and had to be dropped. […]
Fourth Turning–Social & Cultural Distress Dividing the Nation
FOURTH TURNING – SOCIAL & CULTURAL DISTRESS DIVIDING THE NATION I wrote the first three parts of this article back in September and planned to finish it in early October, but life intervened and truthfully I don’t think I was ready to confront how bad things will likely get as this Fourth Turning moves into […]
New Socialist Government Keeps Portuguese People Under The Whip
New Socialist Government Keeps Portuguese People Under The Whip Portuguese Revolution Falls Far Short The austerity imposed on the Portuguese people by the One Percent has resulted in the election of a coalition government of socialists, communists, and a “left bloc.” In the 20th century, socialism and the fear of communism humanized Europe, but beginning […]
Why Is Wealth/Income Inequality Soaring?
Why Is Wealth/Income Inequality Soaring? If conventional labor and finance capital have lost their scarcity value, then the era in which financialization reaped big profits is ending. Why is wealth/income inequality soaring? The easy answer is of course the infinite greed of Wall Street fat-cats and the politicos they buy/own. But greed can’t be the only […]
