Wednesday, January 25, 2012

State of the Union, The 1%, Class War, Wall Street, Banks

State of the Union
The 1%
  • The plight of the 1%--"The fact is that the ultra-rich really aren’t productive, and instead mostly collect rents from people who are. This is what capital always does, of course: it buys labor (some people call that “job creation”, even if the jobs being created are mostly in China), and then extracts dividends from it."
  • The rise of the overclass--"We've all heard of the 'underclass': now its mirror image – a super-rich elite that is equally cut off from the rest of us – is defining the political debate."
  • Chefs, Butlers, Marble Baths: Hospitals Vie for the Affluent NYT
Class War
Wall Street
Banks