Saturday, November 22, 2014

Feeling Depressed?

FEELING DEPRESSED?                                         
It was a hallmark of USA capitalism, it was named as the Great Depression and gave rise to all those movies about the homeless and unemployed begging in the streets, but according to the latest research perhaps it is time to look out those old film scripts again. 'Not since the Great Depression has wealth inequality in the US been so acute a new in-depth study found. The research by Emmanuel Saez and Gabriel Zucman (pdf) illustrates the evolution of wealth inequality over the last century.' (Guardian, 14 November) The figures are startling. Today the top 0.1% are worth the same as the bottom 90%. Time for "Buddy, can you spare a dime" to make it into the record charts again? RD

No comments: