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,
Whenever there is a national scandal, assassination, security breach, news of corporate corruption, or financial debacle, the go-to remedy for these societal and economic shocks is to conduct an investigation. This is the government’s typical reaction to events it let happen or did not want to, or
Here is why the U.S> political system became so corrupt, and how it got a corrupt businessman elected president of the U.S.
How bad is the wealth disparity in the U.S.? This chart should help explain it.
What happens when you are retired and bored with playing cards or golf, and going for coffee, but you have an active mind. Then, you remember that in your previous professional life, you saw business behavior that was illegal. Maybe you saw suspect transactions or met clients
“Justice delayed is justice denied.” –William Gladstone (1809-1898) American voters have short memories, but most remember that executives who headed the nation’s major financial and mortgage firms that led to the 2008 real estate crash the subsequent eight-year-long recession were never prosecuted for their criminal derelictions
Political commentators and the financial media are breathless over the latest economic numbers showing the lowest jobless rate in 49 years, but there is a big problem: These are quarterly, short-term numbers, and they do not indicate the financial health of the average American. If they
When something very newsworthy happens, people are re-awakened. That happened when Trump was elected. It has been downhill ever since. Since Trump’s election, Americans have been exposed to a lifestyle of the sociopathic, unrepentant and venal. Worse, too many Americans now see this as the new