Saturday, November 23, 2013
Andrew Sullivan, The Dish
Submitted by: Editor

The Political Threat Of Soaring Inequality

Insight into the acute social and economic crisis of our time: Wealth Inequality.

[The Dish] When societies grow more unequal, commonalities fray. Wealth accumulates among the few, who begin to see the polity as something to be used for private interests rather than engaged in for public-spirited reform. But as wealth at the top grows and grows, and as more and more of the middle class attempt to become part of the super-wealthy club, the loss of economic demand among the increasingly struggling majority puts a crimp in the social mobility of the wannabe elites. So we have a wealth glut: hugely wealthy one-percenters and a larger group of under-employed or unemployed professionals. It’s from these disgruntled elites that you will get the tribunes of the new plebeians. And they will be guided by revenge just as destructively as the top one percent is now guided by naked self-interest.

Posted by Editor on 11/23/13 at 10:40 AM •  (0) Comments

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"America does not have an aristocracy or a plutocracy."
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