Inequality the real cause of terrible economy

posted by
September 6, 2011
Our Future Blog
by Robert B. Reich  
Posted in Commentary, PND Commentary

"The 5 percent of Americans with the highest incomes now account for 37 percent of all consumer purchases, according to the latest research from Moody’s Analytics. That should come as no surprise. Our society has become more and more unequal. When so much income goes to the top, the middle class doesn’t have enough purchasing power to keep the economy going without sinking ever more deeply into debt -- which, as we’ve seen, ends badly." (09/06/11)  

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