Thursday, November 2, 2017

On the American economy

This article by Joseph Stiglitz discusses the problems facing the American economy.  It is well worth a read.  The way the game is setup and is being played, it leads to tremendous amounts of wealth and power concentrated in the hands of a few and the trend is getting worse with time.

As has been said, power corrupts, and absolute power corrupts absolutely.  A number of the symptoms that we see like astronomically rising prices of medical care and education are due to the abuse of such concentrated power.

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