Posted on August 11, 2011, Printed on August 20, 2011
We know there's something seriously wrong with our economy. Our system of economic rules and incentives was developed, and continues to be molded, by large multinational companies and implemented by politicians eager do whatever it takes to raise money and ensure that they never have to leave office.
This unholy symphony, orchestrated by the US Chamber of Commerce, working hand-in-hand with other trade associations, has ensured that the rich keep getting richer to the astounding point that America now ranks as a less equal country than Egypt and Tunisia. (According to the CIA's World Fact Book, which ranks countries in terms of how "equally" wealth is distributed, the US is the 42nd most unequal country in the world.) This system moves us ever closer to such severe inequality that social disruption is an increasing risk. (Consider the London riots against the fact that, in Great Britain, one million people from the ages of 16 to 24 are officially unemployed, the most since the deep recession of the mid-1980s.)
Yet, it doesn't have to be this way.
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