Sunday, December 16, 2007

The New Gilded Age

Mound of Sound has some stats about how the rich are, you know, getting richer while everyone else gets left behind. A quote from the New York Times article:
"It is meaningless to middle- and low-income families to say we have a great economy because their economy looks so much different than folks at the top of the scale because this is an economy that is working, but not working for everyone."
We live in an interesting age, one where we've been able remove any moral or ethical dimension from the workings of our economy, it's just business. Economic orthodoxy forbids us from criticizing ridiculous CEO salaries or idiotic income disparities - it's just the marking working itself out. But heaven forfend if anyone has gay sex or something.

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