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Aug
31

Concentrated capital = power

The problem is systemic. But we are not allowed to question the system.

Why is that?

As wealth and income rise to the top, moreover, so does political power. The rich are able to entrench themselves by lowering their taxes, gaining special tax breaks (such as the “carried interest” loophole allowing private equity and hedge fund managers to treat their incomes as capital gains), and ensuring a steady flow of corporate welfare to their businesses (special breaks for oil and gas, big agriculture, big insurance, Big Pharma, and, of course, Wall Street).

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Labor Day 2012 and the Election of 2012: It's Inequality, Stupid
The most troubling economic trend facing America this Labor Day weekend is the increasing concentration of income, wealth, and political power at the very top – among a handful of extraordinarily…

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1 comment

  1. Theo Fenraven says:

    Sad, isn't it? 

    Frodo: I wish the ring had never come to me. I wish none of this had happened. 

    Gandalf: So do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given to us. 

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