(Krugman 2011) Oligarchy: American style


Krugman, Paul. Oligarchy, American style. New York Times. 2011 Nov 4; A:31. Internet version: 2011 Nov 3. Available from: http://www.nytimes.com/2011/11/04/opinion/oligarchy-american-style.html. Accessed 2012 Mar 9. Archived by WebCite at http://www.webcitation.org/6633vEksq.

Krugman documents rapidly increasing economic inequality in the USA, the majority of which is going to a tiny minority of the population (the top 0.1%), the majority of whom are not job-creating entrepreneurs, but financiers, corporate executives, lawyers, or real estate professionals. He warns that “extreme concentration of income is incompatible with real democracy.”

 

 

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Last revision: April 5, 2013