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America Officially Declared An Oligarchy


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#1 ChicagoPhil

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Posted 18 April 2014 - 02:31 AM

http://gawker.com/st...rchy-1563363760

#2 FCP Bob

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Posted 18 April 2014 - 02:40 AM

I don't think that should surprise anybody who is paying attention.

Even something like the Affordable Care Act is largely a give away to the existing insurance companies let alone government brought to you by Halliburton or the entire Republican caucus in the House and Senate basically thinking about what the Koch Brothers want before anything else.
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#3 FCP Bob

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Posted 18 April 2014 - 03:24 AM


Why are the lowly Milwaukee Bucks worth $550 million? Soaring inequality

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#4 ChicagoPhil

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Posted 18 April 2014 - 07:17 AM

You are correct. This information doesn't surprise me. It does however, piss me off. The worst part is the government will go right along like they never heard a thing and I fear thier squeeze of the middle class will only intensify.

#5 AmScray

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Posted 18 April 2014 - 10:55 AM

I don't know what will cause the rabble to storm the gates, I don't know if it even happens in my lifetime, but I think the post 9/11 era represents the first time in American history where there's been no doubt its coming, the game is officially over, we're just waiting for it to roll or crash to a stop.
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#6 brvheart

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Posted 18 April 2014 - 11:10 AM

http://rameznaam.com...hy-not-so-fast/

View PostiZuma, on 20 August 2012 - 11:32 AM, said:

napa I was jesus christing suited, you guys just slipped in before me.

View PostEssay21, on 25 February 2013 - 08:32 PM, said:

.

#7 ChicagoPhil

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Posted 18 April 2014 - 08:56 PM

Interesting article. The headlines basically lead you to believe what a lot of middle class families already feel.

I personally don't care about the r squared. I base my best estimation on what my gut tells me. That has a r square of .50. (Maybe better)

I guess I take this financial/inequality stuff very hard. My family has lost a lot in this mess. The whole country seemed to fall apart. I suffered a stroke. I feel like I might be caught in some weird dream. Nothing feels real a lot of the time. I don't feel like I live in America anymore. It's like some crazy carbon copy facade.

To think that all this suffering was caused by people who just wanted a few dollars more makes this world a pretty scary place.

I do admire the new Pope and how he has addressed a lot of the major issues. I never considered myself a very religious person but I always felt like I was a good person. I wonder how these super rich people view themselves. I doubt they believe anything different than myself.

Either way it feels like a bad spot.


#8 FCP Bob

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Posted 19 April 2014 - 12:11 AM

There's a new book out by French Economist Thomas Piketty called Captial in the Twenty-First Century that is about the rising inequality and is getting a huge amount of interest in the Economic's Community.

http://www.hup.harva...n=9780674430006

Here's a good review of the book. If income inequality is something that interests you head over to your local library and give it a read or just buy it if you're rich.

http://www.newyorker...currentPage=all

Quote

In he stately world of academic presses, it isn’t often that advance orders and publicity for a book prompt a publisher to push forward its publication date. But that’s what Belknap, an imprint of Harvard University Press, did for “Capital in the Twenty-first Century,” a sweeping account of rising inequality by the French economist Thomas Piketty. Reviewing the French edition of Piketty’s book, which came out last year, Branko Milanovic, a former senior economist at the World Bank, called it “one of the watershed books in economic thinking.” The Economist said that it could change the way we think about the past two centuries of economic history. Certainly, no economics book in recent years has received this sort of attention. Months before its American publication date, which was switched from April to March, it was already the subject of lively online discussion among economists and other commentators.

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#9 FCP Bob

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Posted 19 April 2014 - 08:38 AM


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#10 ChicagoPhil

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Posted 19 April 2014 - 10:53 AM

Good video. I shared it with many.

#11 FCP Bob

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Posted 22 April 2014 - 04:25 AM

Good article

The American Middle Class Is No Longer the World’s Richest


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#12 ChicagoPhil

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Posted 24 May 2014 - 01:37 PM

I know I'm poor. Kind of.




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