Thursday July 08, 2010
We're in a Recession Because the Rich Are Raking in an Absurd Portion of Wealth
Robert Reich
AlerNet
Our economy can't thrive when the richest 1% get an ever larger share of the nation's income and wealth, and everyone else's share shrinks.
Wall Street's banditry was the proximate cause of the Great Recession, not its underlying cause. Even if the Street is better controlled in the future (and I have my doubts), the structural reason for the Great Recession still haunts America. That reason is America's surging inequality.
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Posted in: by bubblejam at 02:23 PM | Comments (0) | Email This Entry