The pillagers of finance on Wall Street continue acting without restraint, fear or consequence. Occupy Wall Street made the raping of America through financialization conscious, by introducing the now infamous concept of…
Is anyone really surprised? Jill Treanor via The Guardian: Global inequality is growing, with half the world’s wealth now in the hands of just 1% of the population, according to a new report….
Douglas Rushkoff has some advice for our overlords, writing at CNN:
A whole lot of us are stuck with credit-card debt that goes up each month, mortgages worth more than our homes and student loans that extend into infinity. So it’s only natural that we look at the debt crisis from the bottom up: from the perspective of the 99% who are getting screwed.
But what if we instead looked at this whole mess from the top down, from the point of view of the 1%: the billionaires and venture capitalists in Mitt Romney’s world? Maybe, just maybe, their problem is our problem.
In fact, as I have come to see it, short of civilization-ending revolution, solving the debt crisis might actually mean saving the 1%.
They have the power and the money, they own our government, and they won’t go down without taking everyone and everything else with them…