Thursday, August 18, 2011

PROGRESS IN ACTION

One of the defenses of modern capitalism is that although it is far from perfect it is gradually improving. Improving for whom? "The richest one per cent of Americans earn nearly a quarter of the country's income and control an astonishing 40 per cent of its wealth. Inequality in the US is more extreme than it has been in almost a century - and the gap between the super-rich and the poor and middle class people has widened drastically over the last 30 years." (ALJAZEERA, 2 August) Socialists would disagree with a few things in this article. The use of the term "earn" for the parasitical capitalist class and the usual confusion about a non-existent "middle class". Despite these disagreements we still think it well illustrates the gigantic gap between the working class and the capitalist class. RD

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