Stunned by the defection of working-class whites, many Democrats respond by calling these Trump voters “stupid” and hoping that Russia-gate will be the “deus ex machina” to restore Democratic power, as poet Phil Rockstroh explains. By Phil Rockstroh Recently, Democratic…Read more →
America has the greatest inequalities, highest mortality rate, most regressive taxes, and largest public subsidies for bankers and billionaires of any developed capitalist country.
In this essay we will discuss the socio-economic roots of inequalities and the relation between the concentration of wealth and the downward mobility of the working and salaried classes.
The post How Billionaires Become Billionaires appeared first on BSNEWS.
A new study finds that if the racial wealth divide is left unaddressed, the median wealth for black Americans will fall to $0 by 2053, with Latino Americans reaching the same median wealth two decades later.
The image of Donald Trump’s “deplorables” – as Hillary Clinton dubbed them – is a bunch of bigoted blue-collar whites waving Confederate flags, but the secret of Trump’s real power lies elsewhere, says historian Keri Leigh Merritt. By Keri Leigh…Read more →
New York City faced a crisis four decades ago with a massive electrical failure and fear of crime. Now, it confronts another challenge, a vast gap between the super-rich and the rest, writes Michael Winship. By Michael Winship Forty years…Read more →
Modern America’s obsession with self and success has killed off what once was an honorable American archetype, the Common Man, who was the nation’s backbone for generations, writes Michael Brenner. By Michael Brenner America’s Common Man exists no more –…Read more →
(MPN) — America’s rich just won’t quit getting richer, according to a new study released in mid-June by the Boston Consulting Group (BCG), a global management consulting firm.
An SUV, with a bullet hole in the windshield and a flat tire, sits in the parking lot at the scene of a multiple shooting in Alexandria, Va, June 14, 2017, during a congressional baseball practice. (AP/Cliff Owen)
Published in partnership with Shadowproof.
President Trump blames Mexicans, Chinese and other foreigners for the plight of downwardly mobile Americans but the real culprits are his corporatist pals who grab the lion’s share of the wealth from U.S. global dominance, says JP Sottile. By JP…Read more →
And what can we do about it?
