Category Economic Inequality

Respectable Negroes and Racialized Society

America’s “Good” Black Syndrome: Race, Class, and Somebody-ness by PAUL STREET “The United States,” the left historian Lawrence Shoup reminds us, “is a particular type of class society, a racialized one, where some groups are stigmatized as inferior because of their race, a belief spreading to all segments of society. One this oppressive idea becomes […]

Wealth Inequality in America

Half the collective wealth of African-American families was stripped away during the Great Recession

Slate By the official end of the recession in 2009, median household net worth for blacks had fallen to $5,677—a generation’s worth of hard work and progress wiped out. (The number for whites, by comparison, was $113,149.) Overall, from 2007 to 2010, wealth for blacks declined by an average of 31 percent, home equity by an […]

The Super Rich: A Nation unto Themselves

 ISMAEL HOSSEIN-ZADEH Globalization of capital and interdependence of world markets has reached a point where large scale military clashes of the magnitude of World Wars I & II could lead to financial catastrophe for all. Not surprisingly, the network of transnational financial elites, who often elect politicians and run governments from behind the scenes, seem […]

QOTD: Get a handle on economic inequality, or else

As Herbert Stein, Richard Nixon’s chief economic adviser, famously said, a trend will only continue as long as it can. We will either, through peaceful, rational means, go back to a system that does not take from the many to give to the few in all these subtle ways, or we will end up like 18th […]

The most important three minutes of George Carlin’s career

By Melissa Melton | Truthstream Media Editor’s Note: There are still people out there who think comedian George Carlin was just “joking” here. He wasn’t. Transcript: “There’s a reason education SUCKS, and it’s the same reason that it will never, ever, ever be fixed. It’s never going to get any better, don’t look for it, be […]

Inequality in America today is the worst in world history

For Those Who Work For a Living, the Level of Inequality In The U.S. Is “Probably Higher Than In Any Other Society at Any Time In The Past, Anywhere In The World Washington’s Blog Inequality in the U.S. is now the highest ever recorded in the country. Inequality in America today is twice as bad as in ancient Rome, […]