"Think of the American economy as a large apartment block. A century ago—even 30 years ago—it was the object of envy. But in the last generation its character has changed. The penthouses at the top keep getting larger and larger. The apartments in the middle are feeling more and more squeezed and the basement has flooded. To round it off, the elevator is no longer working. That broken elevator is what gets people down the most." --Lawrence Katz, Harvard University economist Links: http://motherjones.com/politics/2010/12/how-oligarchs-took-america; http://www.ft.com/cms/s/2/1a8a5cb2-9ab2-11df-87e6-00144feab49a.html#axzz1bx0i0jtg
No comments:
Post a Comment
As a means of purely keeping people from saying mean, ugly, vile or profane or slanderous things, I moderate comments. I'll get your comment up soon as possible (as long as it's not any of the above).