$1.5 million per hour!

Alan Greenspan, former golden boy of the monetarist camp until that is, the recent financial meltdown, advises us in all his glorious wisdom that capitalism is not to blame for the growing and obscene income inequality. No, what is to blame is innovation and globalization (?). As if all the capitalist class, or any of them, were great innovators or workers. George Soros reputedly made $3 billion in a recent year, that's just $1.5 million per hour on the average forty-hour week, or about two minutes to earn the average worker's wage! That's some innovation! Some hard worker! John Ayers.