Monday, April 25, 2011

What Caused the Crash?

Then
Greedy people wanted more than they needed. Foolish people thought they could get something for nothing. Impulsive people bought now in the hope of paying later. Income and wealth were distributed unfairly and dangerously. The rich regarded themselves as an all-knowing elite.The masses were not paid enough money to consume all the goods they produced. The economy was unsound. The corporate structure was sick. The banking system was weak. Foreign trade was out of balance. Business data were inadequate and often faulty.  (Ellis)

Now
US Income Disparity
Concentration of Wealth
Stagnant Wages
The Richest 1%

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