Program #COLC003. Recorded in Seattle, WA on September 20, 2012.
Income inequality has soared to the highest levels since the Great Depression. And the Great Recession has done little to reverse the trend. In the first full year of the so-called recovery, the top 1 percent of earners took 93 percent of the income gains. The IMF warns, “Some dismiss inequality and focus instead on overall growth, arguing, in effect, that a rising tide lifts all boats. When a handful of yachts become ocean liners while the rest remain lowly canoes, something is seriously amiss.” Joseph Stiglitz, a Nobel laureate in economics says, “What worries me is the idea that we’re in a vicious cycle. Increasing inequality means a weaker economy, which means increasing inequality, which means a weaker economy.” Certainly the Occupy Movement raised consciousness about this issue. But the political class has done little to address it. What can be done?
Your cart is currently empty
Class War: The Attack on Working People
The notion of class is usually associated with England. The term is rarely applied to the U.S., where traditional lore has one big middle class with a few rich and...
Democratic Values and Economic Inequality
Just when you thought the huge gap between rich and poor could grow no wider, the latest numbers come in. The average CEO now makes 326 times the salary of...
Kicking People When They're Down
The rise in New York’s poverty rate as a result of the ongoing recession has pushed nearly half of the city’s population into the ranks of the poor or near-poor....
Racial Injustice 2-Pack
2 CDs Osagyefo Sekou -- Faith, Ferguson & Nonviolent Resistance Fifty years after the Watts uprising in LA what has changed in terms of institutional racism? The supposed post-racial U.S....
The Age of Inequality
Trickle-down neo-liberal economics has not worked. Well, not exactly. It’s worked beautifully for the rich. U.S. income inequality has returned to levels not seen since the 1920s. The top 1%...
The Pathology of Wealth
As the planet moves closer to environmental catastrophe, the captains of industry, the robber barons of the age, could hardly be bothered. They have more important matters to consider. Making...
David Cay Johnston
The Societal Impact of Inequality
The U.S. has the dubious distinction of being the most unequal of all developed countries. The gaps between rich and poor have not been seen since the Gilded Age over...