. From David Noyes: Be Afraid - Be VERY Afraid: — David Cay Johnston talks about the *Plutocracy* Being AFRAID of *US*... (Killer article w/TONS more INFO.) There’s trouble coming as the chasm between the richest of the rich and everyone else continues to widen. So says a report prepared by the World Economic Forum, the nonprofit foundation that hosts its annual conference of business leaders in Davos, Switzerland, popular with the world’s billionaires. The forum’s 14th annual assessment of risks, issued just ahead of the Davos gathering, makes clear that social instability, whether measured in mere riots or in bloody revolutions, is the likely outcome of increasing inequality… Disgruntlement can lead to the dissolution of the fabric of society, especially if young people feel they dont have a future. This is something that affects everybody. — Jennifer Blanke, the World Economic Forums chief economist What she described is how revolutions start… √ The 85 richest humans hold more wealth than the 3.5 billion people who constitute the bottom half. √ These disparities in wealth and income result from *Political Capture,* in which the wealthy use their economic power to make sure the rules bend to favor the rich, often to the detriment of everyone else. The consequences include the erosion of democratic governance, the pulling apart of social cohesion, and the vanishing of equal opportunities for all.… As for the vast majority of Americans, the bottom 90 percent, they were worse off in 2012 than during the Great Recession. Even though the economy improved in those years, their wallets shrank until they were 15.7 percent thinner… — Indeed, the vast majority’s average 2012 income fell back to the level of 1966.…
Posted on: Wed, 22 Jan 2014 23:47:13 +0000
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