The Sound of Wealth Inequality

[Mr_Jefferson_24]

Run time: 04:13 https://www.youtube.com/watch?v=_AhucAN6G00   Posted on YouTube: February 19, 2009 By YouTube Member: ExtremeInequality Views on YouTube: 4273   Posted on DU: September 09, 2010 By DU Member: Mr_Jefferson_24 Views on DU: 446

 
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Income More Unequal in US Than in Some Parts of Latin America

by JJ Sutherland

There's a fascinating series being published over on Slate by Timothy Noah. It explores the growing income inequality in the United States. Really interesting stuff worth a read. One paragraph really popped out at me.

All my life I've heard Latin America described as a failed society (or collection of failed societies) because of its grotesque maldistribution of wealth. Peasants in rags beg for food outside the high walls of opulent villas, and so on. But according to the Central Intelligence Agency (whose patriotism I hesitate to question), income distribution in the United States is more unequal than in Guyana, Nicaragua, and Venezuela, and roughly on par with Uruguay, Argentina, and Ecuador. Income inequality is actually declining in Latin America even as it continues to increase in the United States . . . .

Source: http://www.npr.org/blogs/thetwo-way/2010/09/08/129728016/income-more-unequal-in-u-s-than-in-parts-of-latin-america?ft=1&f=1001

[pansypoo53219]

1. gee, that sounds like class warfare.

and the rich are winning.

[Mr_Jefferson_24]

2. They're certainly winning the near term battle...

...but I wonder if they might not be losing, by their own hand, the longer term war.

Class warfare aggressively pressed to the point where large masses of people are experiencing real and sustained suffering has historical precedent, and the revolution driven changes it sometimes brings haven't always worked out so well for the wealthy oppressor class.

Time will tell.