The Nation: "Once it was real-er, this economy that we have. But that was before we got polarized into the rich, the poor and the sinking middle class. Gross social inequality is what has 'de-coupled' growth and productivity from wage gains for the average household. As far as I can tell, 'the economy,' as opposed to the 'real economy,' is the realm of investment, and is occupied by people who live on interest and dividends instead of salaries and wages, a k a the rich."
Sunday, January 27, 2008
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