[MCN] Meanwhile, how's the US economy doing?
lance at wildrockies.org
Sun Jun 16 22:02:06 EDT 2019
The One Percent Have Gotten $21 Trillion Richer Since 1989. The Bottom 50% Have Gotten Poorer. <https://news.google.com/articles/CAIiELI7W5kTghBtuspHqdy6Gb0qGQgEKhAIACoHCAowi_yDCzDblYADMKD_9QU?hl=en-US&gl=US&ceid=US%3Aen>
According to the Federal Reserve's Distributive Financial Accounts data, the richest 1 percent of Americans became $21 trillion wealthier over the 30 years ...
New York Magazine <https://news.google.com/publications/CAAqBwgKMIv8gwsw25WAAw?hl=en-US&gl=US&ceid=US%3Aen>
8 hours ago
"Controlled capitalism … had been a truly colossal success. From the end of the Second World War until the mid-1970s the American and European economies were uplifted
by many years of rapid growth, bringing affluence from the relatively few to almost all."
"In the late 1970s the tendency to control capitalism was abruptly reversed."
“ … the most striking feature of our turbo-capitalist times, the hollowing-out of democratic governance over the economy.”
Edward Luttwak, Turbo-Capitalism.
1998 in Great Britain by Weidenfeld & Nicolson.
1999 in the U.S. by Harper Collins.
“The gap between high- and low-income families has widened steadily since about 1980, hitting a new high every year since 1985. “
Business Week, November 21, 1994, p. 72.
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