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 a century ago. The one-tenth of one percent is loaded with stocks, bonds, hedge funds, cash and property. The respected business journalist Martin Wolf writes, “An out-of-control financial sector is eating out the modern market economy from inside, just as the larva of the spider wasp eats out the host in which it has been laid.” Inequality is corroding democracy. While the upper crust has been lining their pockets the working class, if they even have a job, has been pauperized. Food and rent take up much of their paltry take home pay. Tens of millions are dependent on food stamps. The homeless population continues to grow. How long can this continue?
Speaker
David Cay Johnston
David Cay Johnston a former reporter for The New York Times won the Pulitzer Prize for his coverage of tax policy. He is the author of many books including Perfectly Legal, The Fine Print, Free Lunch, Divided: The Perils of our Growing Inequality and It’s Even Worse Than You Think.
Diane –
David Johnston has a clear and concise way of articulating the internal issues that are at the heart of our ailing American society and what threatens our future existence. He presents all the big issues with a humane and down to earth approach. This talk with its varied and informed content along with Johnston’s delivery that is compelling, understandable and convincing needs to be required listening for every young adults and adults in this country.
Despite his understanding and explanation of the pervasiveness of the policies that have put us in this crisis,and the difficulties required to make changes, he remains hopeful, citing history, that it can be done.
Bravo! Thank you Mr. Johnston .Please share this talk with others who are not already aware of all the issues, and ask them to pass it on to 2 more people, etc.
Timo Yannopoulos –
The societal impact of Inequality, is a very impressive speech and makes a lot of sense to me.
I don’t thing that this a future theory, I am convinced it’s a present reality we are experiencing it today. Or I should better say since the Berliner wall fall. Hum!
Unfortunately the majority of people, don’t have the opportunity to listen to this kind of great speeches.
I strongly believe that all of those fantastic listenings “mp3″s “Alternative Radio” is providing us with, must be made more accessible to the masses and to all those they can’t afford to pay the $5. Otherwise those great messages will stay a big secret for the few privileged and won’t have any impact or effect due to lack of information accessibility to those who must really listen to them.
Anyhow I was privileged to listen to it in the Kkfi radio 90.1 and able to buy it and played to my family and friends.
Good job guys, keep up the good job.
AND PASS THE MESSAGES DONT KEEP THE SECRET FOR THE FEW. OK….
Regards
Timo
Jo –
I listened to the show broadcast on 90.3 which I think is Vermont Public Radio and I was riveted. I was very glad to hear this topic over the airwaves, as most if not all media hides from the real truth.
Bravo and big slaps on your backs for Being brave and producing a truthful dialog that counter acts the bs propaganda we all are used to hearing.