[Marxism] US 'recover made 99% poorer, top 1% captured 121% of gains

Stuart Munckton stuartmunckton at gmail.com
Thu Feb 14 18:24:01 MST 2013


http://boingboing.net/2013/02/13/economic-recovery-in-the-us-ac.html

"Striking it Richer<http://www.scribd.com/doc/125269359/Getting-Richer-Edmund-Saez>,"
a paper by Emmanuel Saez (an economist at UC Berkeley) looks at the way
that the dividends of the slow US "economic recovery" have been
distributed. Saez finds that *121%*of the economic gains since 2009 have
been captured by the richest 1% of Americans -- in other words, despite
economic growth, the poorest 99% of Americans actually got poorer through
the "recovery."

-- 
“Disobedience, in the eyes of anyone who has read history, is humanity’s
original virtue. It is through disobedience that progress has been made,
through disobedience and through rebellion.” — Oscar Wilde, Soul of Man
Under Socialism

“The free market is perfectly natural... do you think I am some kind of
dummy?” — Jarvis Cocker



More information about the Marxism mailing list