Paul Buchheit at Buzzflash.com:
“America’s middle class is sliding out of the developed world and toward third-world status. Column 9 makes it clear. Among all the nations of the world with at least a quarter-million adults, only Russia, Ukraine, and Lebanon are more unequal in their wealth distribution. Most of the third world countries are, sad to say and hard to believe, fairer to their middle classes than we are.”
Read his great piece in its entirety.
It’s interesting that the middle class spent the 1980s through the 00s in what I would have to call a state of virtually total denial about the economic realignment.
Can we wake up in time to save ourselves?