Raising The Minimum Wage And Lowering The

The Raw Fact Is That Every Successful Example Of Economic Development This Past Century ... Has Taken Place Via Globalization.

Wealthy Americans Who Benefit Hugely From A System Rigged In Their Favor React With Hysteria To Anyone Who Points Out Just How Rigged The System Is.

For Decades The G.o.p. Has Won Elections By Appealing To Social And Racial Divisions, Only To Turn After Each Victory To Deregulation And Tax Cuts For The Wealthy — A Process That Reached Its Epitome When George W. Bush Won Re-election By Posing As America's Defender Against Gay Married Terrorists, Then Announced That He Had A Mandate To Privatize Social Security.

Yes, Over The Centuries Economic Progress Has Reduced Some Gross Disparities - Modern Americans Are Relatively Unlikely To Simply Starve To Death (though It Can Happen), So In That Sense The Gap Between Rich And Poor Has Narrowed. But The Question Isn't Whether Society Is, In Some Sense, More Equal Than It Was In 1900. It's Whether It Is Radically More Unequal Than It Was In 1970. And Of Course It Is.

Under The Gold Standard America Had No Major Financial Panics Other Than In 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, And 1933.