archive

The American class system

Paul Rose (OSU): American Sovereign Wealth. From Shareable, an article on Occupy as a new societal model and ways to improve it. From Counterpunch, meet Wal-Mart's Rob Walton, the worst of the One Percent. #OWS, what took so long? Psychologists tie the reluctance to protest Wall Street bailouts to a deep-seated need to justify the status quo. The first chapter from Beyond Our Means: Why America Spends While the World Saves by Sheldon Garon. Made in America, Again: Leaders discuss returning manufacturing to the U.S. in a Prospect roundtable. A review of Debtor Nation: The History of America in Red Ink by Louis Hyman. The red state model is (also) broken: Liberal enclaves face an economic crisis, but federally subsidized conservative areas are just as unsustainable. There's America, and then there's Washington: Does the prosperity of the capital region color the perspectives of the journalists and lawmakers who live there? We are not all created equal: Stephen Marche on the truth about the American class system. The political one percent of the one percent: If you think wealth is concentrated in the United States, just wait till you look at the data on campaign spending (and more). Barbara Ehrenreich and John Ehrenreich on the making of the American 99% and the collapse of the middle class. How Ayn Rand seduced generations of young men and helped make the US into a selfish, greedy nation. Felix Salmon on the plight of the 1%: Remember that, people — if you start agitating to reduce inequality, there might be vomiting. The introduction to America's First Great Depression: Economic Crisis and Political Disorder after the Panic of 1837 by Alasdair S. Roberts. Les Leopold on five ways that financial elites are destroying democracy.