January 13th, 2014 | by Rhonda Winter
In our nation the myth continues to be perpetuated that if you work hard, anyone can get rich; which inherently implies that if you are not rich, clearly you just have not worked hard enough. Comedian Jon Stewart highlights just how ludicrous this flawed ethos truly is
May 6th, 2013 | by Rhonda Winter
Recently I was listening to an engrossing radio interview with the visionary economist and author, Gar Alperovitz, as he was discussing his new book, What Then Must We Do?, which highlights the rise of cooperatives, worker ownership and the restructuring of our failing economy from the bottom up
March 10th, 2013 | by Rhonda Winter
This week House Minority Leader Nancy Pelosi stated that the historic profits recently made by Wall Street demand that our nation increase the minimum wage to at least $10.10 an hour. The California Democrat explained that these enormous corporate financial gains have not translated into higher wages for most workers, and millions of working families are facing severe hardships as they continue to struggle
March 3rd, 2013 | by Rhonda Winter
It seems like every month the number of people who are unemployed, or in need of food stamps soars to record new levels, while corporate profits continue to skyrocket. Attempting to describe the gargantuan disparity in wealth that exists in the United States is increasingly difficult. Currently 1% of our population now possess 40% of our nation's wealth, while the bottom 80% of us own just a scant 7%
January 26th, 2013 | by Rhonda Winter
This has already proven to be yet another rather exceptionally bad year for the Catholic Church. More unpleasant scandals continue to unfold for the beleaguered religious institution — from the revelation of Mussolini's enormous offshore Vatican nest egg investment and papal money laundering banking troubles, to the release of more secret information concerning the church's horrific pedophile priest cover up.
July 28th, 2012 | by Rhonda Winter
Jon Stewart spoke with Nobel Prize-winning economist Joseph Stiglitz about how the extreme concentration of wealth in the hands of a few plutocrats is destroying the very principles upon which our country was founded:
"It seems like people are not angry at wealth or success, they get frustrated by what appears to be an entirely different set of rules put in place by the wealthy, who then say: 'Hey man, I'm just playing by the rules', as though those rules were an arbitrary design of the free market."
July 23rd, 2012 | by Rhonda Winter
A new report has been published which compiles detailed information about the enormous amount of money that is being hidden by billionaires in offshore accounts. The research, The Price of Offshore Revisited, shows that over 21 trillion dollars, more than the total combined GDPs of both the United States and Japan, are being sequestered out of sight into the legally murky offshore economy. The super elite are using every available resource to exploit loopholes in cross-border tax rules to avoid paying their fair share
May 19th, 2012 | by Rhonda Winter
Earlier this month Noam Chomsky published an incisive essay entitled: "Plutonomy & the Precariat: On the History of the U.S. Economy in Decline*, which elucidates how the extreme concentration of wealth with the 1% has transpired because our country no longer manufactures actual things — bankers, stock brokers and financiers simply manipulate the idea of money. The United States has mutated into a vastly economically stratified oligarchy, 99% of whom have almost no political power or influence in our nation's "democracy"
May 4th, 2012 | by Rhonda Winter
The growing income inequality in the United States is making our economy very volatile and unstable. Executive compensation and CEO pay have helped to fuel that rapidly expanding wealth gap, as well as our country's financial crisis. The Economic Policy Institute has just released a report detailing how the grotesque expansion of CEO pay has helped to create our nation's huge chasm in income
March 21st, 2012 | by Rhonda Winter
The United States is becoming an increasingly severely stratified plutocracy. The Center on Budget and Policy Priorities just released a new study proving that the richest 1% are continuing to amass greater and greater amounts of wealth, while the rest of the population is still struggling financially