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Looking at the stats, America resembles a poor country

(Source: Salon, December 10, 2013)

NEW YORK ó Three decades of trickledown economics; the monopolization, privatization and deregulation of industry; and the destruction of labor protection has resulted in 50 million Americans living in abject poverty, while 400 individuals own more than one-half of the nationís wealth. As the four Walmart heirs enjoy a higher net worth than the bottom 40 percent, our nationís sense of food insecurity is more on par with developing countries like Indonesia and Tanzania than with OECD nations like Australia and Canada. In fact, the percentage of Americans who say they could not afford the food needed to feed their families at some point in the last year is three times that of Germany, more than twice than Italy and Canada.

Full story: Salon

Wednesday, December 11, 2013

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