Welcome to Third World, U.S.A.
By Arthur Donner & Doug Peters
"What we're seeing (in the U.S.) isn't the rise of a fairly broad class of knowledge workers. Instead, we're seeing the rise of a narrow oligarchy: Income and wealth are becoming increasingly concentrated in the hands of a small, privileged elite ... It's time to face up to the fact that rising inequality is driven by the giant income gains of a tiny elite, not the modest gains of college graduates." – Paul Krugman, New York Times, Feb. 27, 2006.
01/01/08 "The Star" -- -- In the mid-1990s, the Wall Street Journal delivered the classic insult to this nation when it called Canada an honorary Third World country.
Indeed, at that time Canada's economy was coming out of a period of relative difficulty.
<snip>
The United Nations publishes a Human Development Index that ranks countries in terms of life expectancy, literacy, education and standard of living. The latest published data were based on 2005 statistics. The U.S., despite its vast wealth and power, placed only in the 12th position among industrial countries. The top four countries were Iceland, Norway, Australia and Canada. These top four countries still pay some lip service to income distribution as an important economic and social goal.
<snip>
Another characteristic of Third World countries is that a major portion of their fiscal expenditures is allocated to the military. In many Third World countries, the military is controlled by an elite or a small collection of the wealthy.
Finally, in many Third World countries one finds that leadership is passed from one generation to the next, often via a close relative.
Guess what country we are talking about now?
<more>
http://www.informationclearinghouse.info/article18982.htm
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
