We've lost our manufacturing economy in the United States. Now we're losing our service economy. We're rapidly becoming, some observers fear, a 'servant economy.'
Americans haven't heard much at all from Joe the Plumber this election cycle. A shame. Without his rants against sharing the wealth, no one's bothering to debate how desperately America really needs to be sharing. And how desperate has our maldistribution of wealth become? Typical families in more equal nations -- like Japan -- now have over three times more wealth than typical families in the United States, says new data from Swiss banking giant Credit Suisse.
Federal regulators have actually been cracking down somewhat lately on financial industry fraud. But the power-suited executives responsible for that fraud are still paying no personal price.
America's billionaires have realized they really don't have to bother convincing a majority of people to vote their way. They can put their cash instead into campaigns to keep the hard-to-convince from voting.
In any society where wealth and income concentrate overwhelmingly at the top, the affluent will almost always come to sneer at public services and the men and women who provide them. In Chicago, those men and women have pushed back.
Corporate execs and billionaire ideologues are creating — at taxpayer expense — a network of schools where learning takes a back seat. And they've launched a political blitz to clear away any regulations that might stand in their way.
In our current economic and political environment, we're letting top corporate executives expropriate our public 'property' for private gain. The resulting rewards, for both corporations and their CEOs, can be immense, as the recent Apple patent triumph over Samsung so amazingly demonstrates.
The national leader of one of America's feistiest unions is aiming to expand the economic fairness debate. He's proposing a cap on incomes at the top that rises only if incomes at the bottom rise first.
The United States already sports an exceedingly rich people-friendly tax structure. But America's rich seem to have far more friendly tax models in mind. Like Singapore.
In today's anything-goes political fundraising world, the nation’s super rich and their favored politicos are no longer even going through the motions of maintaining 'separate and independent' campaigns.
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