The making of the 99%

posted by
December 18, 2011
The Nation
by Barbara Ehrenreich & John Ehrenreich  
Posted in Commentary, PND Commentary

"They have been around for a long time in one form or another, but they began to emerge as a distinct and visible group, informally called the 'superrich,' only in recent years. Extravagant levels of consumption helped draw attention to them .... But as long as the middle class could still muster the credit for college tuition and occasional home improvements, it seemed churlish to complain. Then came the financial crash of 2007–08, followed by the Great Recession, and the 1 percent -- to whom we had entrusted our pensions, our economy and our political system -- stood revealed as a band of feckless, greedy narcissists, and possibly sociopaths." (12/14/11)

http://www.thenation.com/article/165167/making-99  

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