Reply #4: And some of those categories... [View All]

Have actually declined in pay, I believe.

Income inequality the greatest in seventy years, huh? And in the U.S.--and in much of the world--we were still struggling to come out of the Depression in 1937.

It was also the time of the rise of the power of dictatorships...Hitler, Mussolini, Stalin, Franco, the Japanese militarists. Fortunately, we had FDR, who saved the free-market economy with the New Deal. Today, we see the rise of religious fundamentalism--in both East and West--as well as a rise in corporate oligarchy and in projecting power through militaristic means (the Neo-Cons).

Kevin Phillips talks at length about this income inequality--and how we've seen it before in our history--in his book, "Wealth and Democracy". He basically warns that a top-heavy economy could lead to exactly what the last top-heavy one did--another Great Depression, with potentially much harsher, much more immediate impacts world-wide. As well of the collapse of trust in our political system. When the guy who wrote "The Emerging Republican Majority" in the late '60s comes up with something like that, people had better pay attention.:scared:

B-)