“If average Black family wealth continues to grow at the same pace it has over the past three decades, it would take Black families 228 years to amass the same amount of wealth White families [had in 2013]. That’s just 17 years shorter than the 245-year span of slavery
One indicator that the Democratic Party is very tepid about making the needed changes to the current broken political, economic, health care and judicial systems has now come directly from former President Barak Obama. In a Nov. 17, 2019 speech before wealthy donors in Washington DC, Obama
The story of income inequality and wage stagnation is now a core element of the Democratic candidates’ policy platforms, but a new report from the Federal Reserve paints and even more damning description. In this article from The People’s Policy Project, author Matt Bruenig found
One of the key messages of the 2020 election is that capitalism is in trouble and is not working for millions of Americans. From the wealth gap to unchallenged monopolies to wage stagnation, it’s clear that the corporations have taken over the nation. This is what allowed the corrupt Trump
Here is an old joke about Canadians: How do you tell the difference between a Canadian and an American? The Canadian has free health insurance and does not own a gun. Now, a recent article on Bloomberg says the difference between middle-class Canadians and Americans shows more differences between the
One of the key causes of racial inequality is economic inequality. To many people seeking to explain the racial inequality that has persisted since the Civil War, the economic argument is often intertwined with discrimination and the need to gain a more powerful political voice in government.
Posted by William L. Bainbridge on Monday, July 22, 2019
No democracy can exist with a wealth gap between the majority of citizens and its most privileged and powerful political layer of citizens. The wealth gap that developed since the administration of Ronald Reagan (1981–1989) now approaches that preceding the Great Depression (1929-1932). At both times,