Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $13,599
16%  
Woo hoo!! And we're now over 16%!! Thank you all very much!! God bless.

Keyword: scarcityvalue

Brevity: Headers | « Text »
  • Why Is Wealth/Income Inequality Soaring?

    10/23/2015 7:52:57 AM PDT · by george76 · 26 replies
    Of Two Minds ^ | October 23, 2015 | Charles Hugh Smith
    If conventional labor and finance capital have lost their scarcity value, then the era in which financialization reaped big profits is ending. Why is wealth/income inequality soaring? The easy answer is of course the infinite greed of Wall Street fat-cats and the politicos they buy/own. But greed can't be the only factor, for greed is hardly unknown in the bottom 90%. The only difference between the guy who took out a liar loan to buy a house he couldn't afford so he could flip it for a fat profit and the mortgage broker who instructed him on how to scam...