The new Gilded Age

Races for the Senate, U.S. House, etc. and other issues of national importance.
Shorty
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The new Gilded Age

Postby Shorty » Thu Apr 17, 2014 8:39 pm

Welcome back to the late 1800's! Isn't it grand? But we don't have Mark Twain to write about it.

http://billmoyers.com/2014/04/16/paul-k ... ilded-age/

"It therefore came as a revelation when Piketty and his colleagues showed that incomes of the now famous “one percent,” and of even narrower groups, are actually the big story in rising inequality. And this discovery came with a second revelation: talk of a second Gilded Age, which might have seemed like hyperbole, was nothing of the kind. In America in particular the share of national income going to the top one percent has followed a great U-shaped arc. Before World War I the one percent received around a fifth of total income in both Britain and the United States. By 1950 that share had been cut by more than half. But since 1980 the one percent has seen its income share surge again — and in the United States it’s back to what it was a century ago."

Mad Howler
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Re: The new Gilded Age

Postby Mad Howler » Tue Apr 22, 2014 9:08 pm

Is it new?
Have we been allowed - momentarily - to breath above it during the 1940s through 1970? Have we been unraveling ever-since?
Capital flows where captains of capital decide.

--------->
An interview with Nomi Prins about her recent book.
All the Presidents' Bankers: The Hidden Alliances that Drive American Power...
https://www.kpfa.org/archive/id/102162
It is tough to get my head around the fact that most have been played generation after generation. I guess this comes closest to the notion of 'if they only knew the truth' as I have observed, although I recognise that I am naive.
The lights be on,
How does everyone handle this information?
Such tangible data conjures a sick feeling within in me.
I am still processing this and reaching for a reasonable step toward better.
Does anyone have any comforting advice?
Should I expect any that is not entangled in collusion?
MH

Mad Howler
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Posts: 1779
Joined: Wed Apr 04, 2012 8:36 pm
Location: Wisconsin

Re: The new Gilded Age

Postby Mad Howler » Tue Apr 29, 2014 10:06 pm

Well well ... one explainer of power structure I remember from a soc class way back was the suggestion that our 'reality' is determined by the fewtocracy.
I thought this notion 'crazy', I suppose I was meant to think so.
This may be the way things are going.
This is not what we are, nessessarily, going to accept.
Power still lies within our false assumptions.
http://endoftheamericandream.com/archiv ... berg-group

Mad Howler
Forum God/Goddess
Posts: 1779
Joined: Wed Apr 04, 2012 8:36 pm
Location: Wisconsin

Re: The new Gilded Age

Postby Mad Howler » Thu May 01, 2014 12:13 am

This is worth a listen.
http://onpoint.wbur.org/2014/04/29/thom ... ory-mankiw

I found this agitant/foil interesting...
N. Gregory Mankiw
http://scholar.harvard.edu/mankiw

What do WE do with this?
Being extracted from all corners seems easy.
Collectively recognizing this extraction,
Seems hard for the most-ish.
MH


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