On March 1, 1968, a presidential commission chaired by Governor Otto Kerner of Illinois issued what became an historic report on race relations in the United States. The nation, it concluded, was actually two societies: one white, the other black–…
Tag Archive for inequality
Breaking News: The Rich Discover Inequality
by jeff.faux •
After forty years of rising income and wealth inequality, some of America’s rich seem worried that maybe things have gone too far. In a recent New York Times Op Ed (August 9), for example, Peter Georgescu, CEO emeritus of the…
Thomas Piketty Undermines Hallowed Tenets of Capitalist Catechism
by jeff.faux •
Thomas Piketty just tossed an intellectual hand grenade into the debate over the world’s struggling economy. Before the English translation of the French economist’s new book, Capital in the Twenty-first Century, hit bookstores, it was applauded, attacked and declared a…