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Inequality

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Charles W. Engelhard, Jr., was “the platinum king” of South Africa (and was evidently the model for Ian Fleming’s James Bond nemesis Goldfinger). He lived mainly in a “Rhinelike castle, turrets and all,” in Far Hills, New Jersey, but did shuttle via his own fleet of aircraft among four other palatial homes in Johannesburg, South... Read More
1% Politics and the Scandals of A New Gilded Age
Despair about the state of our politics pervades the political spectrum, from left to right. One source of it, the narrative of fairness offered in basic civics textbooks -- we all have an equal opportunity to succeed if we work hard and play by the rules; citizens can truly shape our politics -- no longer... Read More
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All Are Equal, Except Those Who Aren’t
Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality that’s hiding in plain sight. And this phenomenon of ever more concentrated wealth and power has both Newtonian and Darwinian components to it. In terms of Newton’s first law of motion: those... Read More
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The Inequality Gap on a Planet Growing More Extreme
As we head into 2019, leaving the chaos of this year behind, a major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around the world continuing to... Read More
This year, I simply couldn’t get one fact out of my head: according to a 2017 report from the Institute for Policy Studies, three billionaires -- Jeff Bezos, Warren Buffet, and Bill Gates -- have amassed as much wealth as the bottom half of American society. That’s 160 million people! (And unlike our president, I... Read More
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In the United States of Inequality
So effectively has the Beltway establishment captured the concept of national security that, for most of us, it automatically conjures up images of terrorist groups, cyber warriors, or “rogue states.” To ward off such foes, the United States maintains a historically unprecedented constellation of military bases abroad and, since 9/11, has waged wars in Afghanistan,... Read More
Saving the Soul of Democracy
Sixty-six years ago this summer, on my 16th birthday, I went to work for the daily newspaper in the small East Texas town of Marshall where I grew up. It was a good place to be a cub reporter -- small enough to navigate but big enough to keep me busy and learning something every... Read More
Reading Thomas Frank's new book, Listen, Liberal, or What Ever Happened to the Party of the People?, I was reminded of the snapshot that Oxfam offered us early this year: 62 billionaires now have more wealth than the bottom 50% of the global population, while the richest 1% own more than the other 99% combined.... Read More
The old words are on the rebound, the ones that went out in the last century when the very idea of a Gilded Age, and the plutocrats and oligarchy of wealth that went with it, left the scene in the Great Depression. Now, those three classic terms that were never to return (or so it... Read More
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An Empire in Decline (City by City, Town by Town)
As America's new economy starts to look more like the old economy of the Great Depression, the divide between rich and poor, those who have made it and those who never will, seems to grow ever starker. I know. I’ve seen it firsthand. Once upon a time, I worked as a State Department officer, helping... Read More
PastClassics
Eight Exceptional(ly Dumb) American Achievements of the Twenty-First Century
How the Security State’s Mania for Secrecy Will Create You
Delusional Thinking in the Age of the Single Superpower