{"id":2091,"date":"2014-11-26T11:39:00","date_gmt":"2014-11-26T16:39:00","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2091"},"modified":"2014-11-26T11:39:00","modified_gmt":"2014-11-26T16:39:00","slug":"oftwominds-charles-hugh-smith-prosperity-amidst-the-ruins","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2091","title":{"rendered":"oftwominds-Charles Hugh Smith: Prosperity Amidst the Ruins"},"content":{"rendered":"<p><a href=\"http:\/\/charleshughsmith.blogspot.ca\/2014\/11\/prosperity-amidst-ruins.html\">oftwominds-Charles Hugh Smith: Prosperity Amidst the Ruins<\/a>.<\/p>\n<p style=\"display: inline; height: 0px; overflow-x: visible; overflow-y: visible; padding: 1px 0px 1px 0px; margin: 0px;\"><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\"><i style=\"background-color: white; padding: 0px; margin: 0px;\">The fundamental problem facing the global economy is not slow economic growth but political inequality.<\/i><\/span><\/p>\n<div style=\"background-color: white; padding: 0px; margin: 0px;\"><b style=\"padding: 0px; margin: 0px;\"><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\"><br style=\"padding: 0px; margin: 0px;\" \/><\/span><\/b><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\"><b style=\"padding: 0px; margin: 0px;\">It&#8217;s striking: as economies stagnate, the top tier is living even larger while the low-income masses sink further into marginalized poverty.<\/b>\u00a0I call this widening divide between the vested interests\/wealthy and the rest of society\u00a0<i style=\"padding: 0px; margin: 0px;\">prosperity amidst the ruins<\/i>.<\/span><br style=\"padding: 0px; margin: 0px;\" \/><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\"><br style=\"padding: 0px; margin: 0px;\" \/><\/span><\/div>\n<div style=\"background-color: white; padding: 0px; margin: 0px;\"><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\">How can the top slice prosper while the rest of the populace suffers from higher taxes, stagnant wages and a collapse of employment\/enterprise opportunities?<\/span><\/div>\n<div style=\"background-color: white; padding: 0px; margin: 0px;\"><\/div>\n<div style=\"background-color: white; padding: 0px; margin: 0px;\"><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\"><b style=\"padding: 0px; margin: 0px;\">Just as Greece led the way in the sovereign debt crisis a few years ago, it is also leading the way in showing how oligarchies can expand their wealth and power even as their populace slides deeper into poverty.<\/b>\u00a0A recent article,\u00a0<a style=\"color: #004387; text-decoration: underline; padding: 0px; margin: 0px;\" href=\"http:\/\/www.foreignaffairs.com\/articles\/142196\/pavlos-eleftheriadis\/misrule-of-the-few\" target=\"resource\">Misrule of the Few: How the Oligarchs Ruined Greece<\/a>, lays out the key dynamics.<\/span><\/div>\n<div style=\"background-color: white; padding: 0px; margin: 0px;\"><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\">It is self-evident that these same dynamics are playing out in the rest of Europe, the U.S., Japan, China and most if not all of the developing world.<\/span><br style=\"padding: 0px; margin: 0px;\" \/><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\"><br style=\"padding: 0px; margin: 0px;\" \/><\/span><\/div>\n<div style=\"background-color: white; padding: 0px; margin: 0px;\"><b style=\"padding: 0px; margin: 0px;\"><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\">Writer Pavlos Eleftheriadis pulls no punches:<\/span><\/b><\/div>\n<div style=\"background-color: white; padding: 0px; margin: 0px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>oftwominds-Charles Hugh Smith: Prosperity Amidst the Ruins. The fundamental problem facing the global economy is not slow economic growth but political inequality. It&#8217;s striking: as economies stagnate, the top tier is living even larger while the low-income masses sink further into marginalized poverty.\u00a0I call this widening divide between the vested interests\/wealthy and the rest of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[127,244,642,1447,1302],"class_list":["post-2091","post","type-post","status-publish","format-standard","hentry","category-economics","tag-charles-hugh-smith","tag-economics-2","tag-poverty","tag-prosperity","tag-status-quo"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2091"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2091\/revisions"}],"predecessor-version":[{"id":2092,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2091\/revisions\/2092"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}