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I, for one, do not welcome our new oligarchic overlords

Even the Economist is willing to mention that U.S. social mobility is on the decline — the article features headlines like “More dynastic than dynamic” and “Back to the 1880s.”

The past couple of decades have seen a huge increase in inequality in America. The Economic Policy Institute, a Washington think-tank, argues that between 1979 and 2000 the real income of households in the lowest fifth (the bottom 20% of earners) grew by 6.4%, while that of households in the top fifth grew by 70%. The family income of the top 1% grew by 184%—and that of the top 0.1% or 0.01% grew even faster. Back in 1979 the average income of the top 1% was 133 times that of the bottom 20%; by 2000 the income of the top 1% had risen to 189 times that of the bottom fifth. […]

The most remarkable feature of the continuing power of America’s elite—and its growing grip on the political system—is how little comment it arouses. Britain would be in high dudgeon if its party leaders all came from Eton and Harrow. Perhaps one reason why the rise of caste politics raises so little comment is that something similar is happening throughout American society.

Ah, the good ol’ 1880’s, when robber barons casually said things like I can hire one half of the working class to kill the other half. Truly, the Republican party can make America what it once was.

So, this guy walks into a talent agency…

Comments

Total Bastard Jimcat says:

Given that the population of the United States is projected to rise to over 400 million by 2050, hiring half of the working class to kill the other half doesn't sound like such a bad idea.

And the sooner it's done, the fewer bodies to dispose of.

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