The Debt Trap
http://www.nytimes.com/interactive/2008/07/20/business/20debt-trap.html
Wednesday, March 14, 2012
Monday, March 12, 2012
Richest 1 Percent Account For Nearly All Of U.S. Recovery's Gains: Report
The top 1 percent of earners took in a full 93 percent of all the income gains that year, leaving the other 7 percent of gains to be sprinkled among the vast majority of society.
Richest 1 Percent Account For Nearly All Of U.S. Recovery's Gains: Report
Richest 1 Percent Account For Nearly All Of U.S. Recovery's Gains: Report
Saturday, March 10, 2012
92% Of Americans Are Socialists They Just Don’t Know It
92% Of Americans Are Socialists They Just Don’t Know It
"92% of the respondents believe in the socialistic economic wealth distribution of Sweden. Unfortunately, Americans have been persuaded to vote for these regressive Republicans for the last thirty years who favor this income inequality. In Sweden the top income tax rate is 56%, which is far lower than the American tax rate of the 1950s."
Engels to Sorge
"There is no place yet in America for a third party, I believe. The divergence of interests even in the same class group is so great in that tremendous area that wholly different groups and interests are represented in each of the two big parties, depending on the locality, and almost each particular section of the possessing class has its representatives in each of the two parties to a very large degree, though today big industry forms the core of the Republicans on the whole, just as the big landowners of the South form that of the Democrats. The apparent haphazardness of this jumbling together is what provides the splendid soil for the corruption and the plundering of the government that flourish there so beautifully. Only when the land — the public lands — is completely in the hands of the speculators, and settlement on the land thus becomes more and more difficult or falls prey to gouging — only then, I think, will the time come, with peaceful development, for a third party. Land is the basis of speculation, and the American speculative mania and speculative opportunity are the chief levers that hold the native-born worker in bondage to the bourgeoisie. Only when there is a generation of native-born workers that cannot expect anything from speculation any more will we have a solid foothold in America. But, of course, who can count on peaceful development in America! There are economic jumps over there, like the political ones in France — to be sure, they produce the same momentary retrogressions."
Engels to Sorge
Engels to Sorge
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