From Pragmatic Capitalism, I found Robert Reich's 2.5 min, six bullet skinny on the economy:
The bullet points:
- Economy doubles since 1980, but wages flat. Where did the money go?
- All gains from the economy go to the super rich. and...
- With money comes political power. Taxes on Super rich slashed, revenues evaporate. this leads to...
- Huge budget deficits. Middle class agitated, fight for scraps
- Middle class divided. Buying and borrowing slow. Resulting in:
- Anemic recovery.
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