Economy

The Meritocracy Myth: How the Super-Rich Really Make Their Money
realnews.today
Warren Buffett once claimed that the "genius of the American economy, our emphasis on a meritocracy and a market system and a rule of law has enabled generation after generation to live better than their parents did." The Economist suggested that "people ...[Read more]
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World Bank Whistleblower Reveals How The Global Elite Rules The World
realnews.today
Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years. In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel ...[Read more]
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19 Reasons Latin Americans Come To The U.S. That Have Nothing To Do With The American Dream
realnews.today
The conventional wisdom says that most Latin American migrants who come to the United States are looking for a better life, inspired by the "American Dream." And it's hard to deny that there's a lot of truth in that. But there's another side to the story ...[Read more]
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An Indictment of the Invisible Hand
realnews.today
Economist Thomas Piketty's new book has stunned both the economic profession and most political observers. But the economic mainstream is not truly dealing with its most serious implications. ...[Read more]
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The Middle Class Is Not ”Normal”
realnews.today
Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural ...[Read more]
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Occupy was right: capitalism has failed the world
realnews.today
One of the slogans of the 2011 Occupy protests was 'capitalism isn't working'. In an epic new book, French economist Thomas Piketty explains why they're right. ...[Read more]
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Got $30m to burn? Welcome to the Filthy Rich Money Spending club
realnews.today
Jon Henley: While chancellor George Osborne preaches austerity, his brother Theo has an exclusive company just waiting to help Ultra-High-Net-Worth Individuals spend their dosh ...[Read more]
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US corporations holding more than $2.1 trillion in untaxed profits overseas
realnews.today
According to a new report, more than $2 trillion worth of profit generated by some of the biggest United States-based corporations is being held overseas where it’s not subject to US income tax law. ...[Read more]
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Anger, Not Envy, Is Raising Americans’ Ire
realnews.today
Suddenly, or so it seems, inequality has surged into public consciousness - and neither the 1 percent nor its reliable defenders seem to know how to cope. Some of the reactions are crazy - "it's Kristallnacht," "they're coming to kill us" - and the crazin ...[Read more]
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Real Truth vs. Fictional Truth: The Dow Jones Industrial Average (DJIA) is a Hoax
realnews.today
The Dow Jones Industrial Average (DJIA) Index is the only stock market index that covers both the second and the third industrial revolution. Calculating share indexes such as the Dow Jones Industrial Average and showing this index in a historical graph i ...[Read more]
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More Evidence That Half of America Is in or Near Poverty
realnews.today
The Charles Koch Foundation recently released a commercial that ranked a near-poverty-level $34,000 family among the Top 1% in the world. Bud Konheim, CEO and co-founder of fashion company Nicole Miller, concurred: "The guy that's making, oh my God, he's ...[Read more]
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