The Root of Rising Inequality: Our “Lawnmower” Economy (hint: we’re the lawn)

STRAIGHT LINE LOGIC

In a global economy in which debt is the foundation (see Debtonomics Archive), it should come as no surprise that debt merchants have done better than most. It should also come as no surprise when myriad debt bubbles eventually pop and the global economy is put through the wringer. From Charles Hugh Smith at oftwominds.com:

This predatory exploitation is only possible if the central bank and state have partnered with financial Elites.

After decades of denial, the mainstream has finally conceded that rising income and wealth inequality is a problem–not just economically, but politically, for as we all know wealth buys political influence/favors, and as we’ll see below, the federal government enables and enforces most of the skims and scams that have made the rich richer and everyone else poorer.

Here’s the problem in graphic form: from 1947 to 1979, the family income of the top 1% actually expanded…

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