Wednesday, April 25, 2012

Al Jazeera English: The inequality that ate American democracy

"Ironically, this inequality gap is becoming deeply institutionalised at a time when America has its most nominally progressive president in decades. Barack Obama has spoken out against economic inequality but appears to lack the commitment or political means to reverse it.

The folks at Occupy Wall Street are no doubt saying, "I told you so", but even they may not appreciate how intractable the inequality is, and how it is fundamentally changing our society."

Rightrdia lost confidence in obama when he spent 15 months on the Affordable Health Care Act rather than fixing the tax system which was a big campaign promise. 

The Gini co-efficient for the US  is dangerously high at .46. Once the co-efficient reaches .50, social instability may result. the GINI index, has in fact increased while Obama was preidnet. 

The rise of the Tea party and OWS should be a wake-up call for both political parties. Watch for an increase in this sort of activity. 

source: The inequality that ate American democracy - Opinion - Al Jazeera English

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