Sunday Open Thread [6.29.14]
I had a great time last night and it was great to see everyone! Hope we'll do another DL get-together soon.
Here are two long reads for this great Sunday Morning -- this piece (in Politico, but may be the best thing they've ever published) is from Nick Hanauer -- firmly ensconced in the 1% -- talking about the trainwreck to come if income inequality isn't dealt with. This is a brilliant -- and scathing -- piece. He reminds us that this kind of income inbalance is at the fulcrum of alot of painful upheaval, that supply-side economics isn't working, and that those business interests who continue to agitate for supply-side policy are arguing for long-term failure.
But the problem isn’t that we have inequality. Some inequality is intrinsic to any high-functioning capitalist economy. The problem is that inequality is at historically high levels and getting worse every day. Our country is rapidly becoming less a capitalist society and more a feudal society. Unless our policies change dramatically, the middle class will disappear, and we will be back to late 18th-century France. Before the revolution. [...]



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