A C.E.O Who's Scared for America
Capitalism, he says is slowly committing suicide.
By David Leonhardt
For the past four decades, capitalism has been slowly committing suicide. It's going on in plain view, though few recognize what's happening, because to most observers of the stock market, nothing looks amiss. Despite the extraordinary rise in income and wealth for the top income quartile in America, the median household income today is less than one percent higher than it was in 1989. And since the 2008 financial crisis, 91 percent of income growth has gone to the top one percent. Flat wages have taken a serious bite out of far too many people’s standard of living.Read More Here