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Apropos Quote: The most formidable weapon against errors of every kind is reason. - Thomas Paine
Sunday, 07 November 2010 11:47
Last Updated on Sunday, 07 November 2010 13:08
1. the rule or power of wealth or of the wealthy.
2. a government or state in which the wealthy class rules.
3. a class or group ruling, or exercising power or influence, by virtue of its wealth.
In certain circles, the term PLUTOCRACY, in place of DEMOCRACY, has been used for quite a while to describe the US structure of government. It's painfully obvious now, in the face of the worst economic crisis since The Great Depression, that PLUTOCRACY is a more accuate description of the US Government. From ex-corporate CEOs running the Department of Agriculture to ex-Wall Streeters running the US Treasury Department, to massive amounts of corporate money being funnelled to elected officials and political campaigns (and the list goes on), voters and taxpayers are rapidly losing power and the middle class will soon be a thing of the past.
Nicholas Kristof of the NYTimes writes in his latest article, Our Banana Republic: "You no longer need to travel to distant and dangerous countries to observe such rapacious inequality. We now have it right here at home — and in the aftermath of Tuesday’s election, it may get worse.
The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. As Timothy Noah of Slate noted in an excellent series on inequality, the United States now arguably has a more unequal distribution of wealth than traditional banana republics like Nicaragua, Venezuela and Guyana.
C.E.O.’s of the largest American companies earned an average of 42 times as much as the average worker in 1980, but 531 times as much in 2001. Perhaps the most astounding statistic is this: From 1980 to 2005, more than four-fifths of the total increase in American incomes went to the richest 1 percent."
Perhaps surviving means moving overseas to one of the non-banana republics.
Latest Comments
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I was approved for eb which would have been my final 20 weeks I am seeking as have been any employment. it is sad when you can't even get the minimum paying jobs ...
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I live in Texas and have just had my Tier IV benefits (13 weeks) "triggered off" as of May 12th. Everyone that I know is unemployed. I don't know where the state ...
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There is also another company who has had their name stolen, Hostmonster INC, a legit web-hosting company has had their name stolen. They are the newest victims ...
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Walker in WI can twist the numbers however he likes-but the reality is this...since walker's coming into office, over 30,000 WI jobs have been lost--and now ...
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..so i called Colorado unemployment and they said "Yes" for Federal Extended benefits...i will let you know..
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