Building up the US middle class as opposed to those in lower tax brackets either in the US or abroad was not my purpose in collecting the following articles a year or so ago. However, the changing economic data are worthy of contemplation as we strive to wisely use our time and resources in the most important ways possible. More recent events in New York demonstrate the continuing social importance of these shifts. Keeping in mind first versus third world problems is also important (example 1 | example 2). That said, here are the aforementioned articles:
The Middle Class in America Is Radically Shrinking (15 July 2010). A number of the stats are snapshots instead of comparative numbers, which makes conclusions hard to nail down, but it’s thought provoking all the same.
Dissident Voice ran quite a few articles on this topic over the first half of the year:
- The Economic Elite vs. the People of the United States of America: Part I (David DeGraw, 16 Feb 2010)
- The Rise of the Economic Elite: The Economic Elite vs. the People of the United States of America: Part II (David DeGraw, 17 Feb 2010)
- Exposing Our Enemy: Meet the Economic Elite: The Economic Elite vs. the People of the United States of America: Part III (David DeGraw, 19 Feb 2010)
- The Financial Coup d’Etat: The Economic Elite vs. the People of the United States of America: Part IV (David DeGraw, 22 Feb 2010)
- Overcoming the Divide and Conquer Strategy: The Economic Elite vs. the People of the USA: Part V (David DeGraw, 24 Feb 2010)
- How to Fight Back and Win: Common Ground Issues That Must Be Won: The Economic Elite vs. the People of the USA: Part VI (David DeGraw, 27 Feb 2010)
- Global Sweatshop Wage Slavery (Stephen Lendman, 25 Feb2010)
- Barry C. Lynn’s Cornered: The New Monopoly Capitalism and the Economics of Destruction (Stephen Lendman, 5 Mar 2010)
By posting these links, I’m not trying to promote a middle-class consumptive way of life. But I am saying that I believe that increasing income disparity is a problem. These are complex and loaded statements.
For more on economics, listen to this Econocast conversation with Richard Horsley.