Wednesday, November 30, 2011

As the rich-poor gap widens, so does debate about what it means

In class we discussed why certain countries prosper better than others. We pointed out the rich countries were converging on each other, while the poor countries were getting poorer relatively to the rich countries. The same pattern can be seen in the class divisions in the US today. The lower class is getting poorer relative to the rich, while the rich simply get richer. In Hennessey’s article, he reveals polls that show a large majority of Americans seeing a widening gap between the haves and the have-nots. In fact, there is significant consensus that the country’s political system is skewed in favor for the wealthy. This skewed system will only worsen the divergence of class divisions in the US.

http://www.latimes.com/news/nationworld/nation/la-na-income-disparity-20111129,0,2030624.story

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