Last youth centre in one of England’s most deprived coastal areas faces
closure
-
Pie Factory Music in Ramsgate, Kent, runs creative projects and provides a
range of support services, but the building that houses the centre is due
to b...
1 hour ago
Seed Newsvine
+NEW+YORK+hot+movie+008.jpg)
+LasVegas+gals+vlcsnap-16038.png)
Nowadays, these numbers show that the American dream is a myth. There is less equality of opportunity in the United States today than there is in Europe – or, indeed, in any advanced industrial country for which there are data.
ReplyDeleteThis is one of the reasons that America has the highest level of inequality of any of the advanced countries – and its gap with the rest has been widening. In the “recovery” of 2009-2010, the top 1% of US income earners captured 93% of the income growth. Other inequality indicators – like wealth, health, and life expectancy – are as bad or even worse. The clear trend is one of concentration of income and wealth at the top, the hollowing out of the middle, and increasing poverty at the bottom.
It would be one thing if the high incomes of those at the top were the result of greater contributions to society, but the Great Recession showed otherwise: even bankers who had led the global economy, as well as their own firms, to the brink of ruin, received outsize bonuses.