Today’s swaggering rich are increasingly stuffing their dollars into investments that do America’s 99 percent not one whit of good.
Just 40 years ago, most Americans rubbed elbows with neighbors from a fairly wide cross-section of income levels. But today’s rich, Census data show, are keeping everyone else at arm’s length — and more.
Not all plutocrats scheme in the shadows like the rabidly right-wing Koch brothers. We need to learn how to recognize plutocracy’s more subtle putches. The best primer? The battle over education’s future.
What made last week’s rioting in London all the more ‘achingly sad’? The rioters weren’t challenging greed. They were celebrating it. We really need to understand why.
The American political system isn’t working for average Americans any more. Don’t blame the Tea Party, new political science research suggests. Blame inequality.
The American middle class, concludes a new study from the ad industry’s top trade journal, has essentially become irrelevant. In a deeply unequal America, if you don’t make $200,000, you don’t matter.
Back in the mid 20th century, colleges and universities helped America beat down economic inequality. Now they reinforce it.
America’s top bankers and CEOs don’t have any more talent than millions of other Americans. They do have, two timely new data dumps remind us, plenty of generous friends in pivotal places. Read more . . .
A consumer alert for soccer moms and doting granddads: Outrageous compensation rewards give corporate executives an incentive to behave outrageously — at your expense! The story behind the sad demise of a beloved camera.