They agree with Kevin Phillips? And nearly say so?
This blog entry is late. The June 28th, 2003 issue, on page 8 of its insert "A survey of capitalism and democracy", remarks:
...there has also been a concentration of big gains in income and wealth for the top 1%, and within that for the top 0.1% or even 0.01%."
"The really damaging perception now is that many of these mega-incomes have been gained through the abuse of power - and that, in some cases, they are also being preserved by the use of that moneyed power in politics. Worse still, the perception is largely correct."
!!! I had been getting used to the Economist praising Kerala's success while failing to mention its communism; or outlining the social problems unique to the Anglo-Saxon economies, among similarly industrialized nations, and valiantly saying that the suffering they cause is not a misapplication or even a price of freedom, but rather one of the freedoms unique to the US/UK, and therefore - desirable? (It was an odd article, and if you don't believe me, I'll try sifitng through their online service for a link.)
This Survey has a lot of topics that are already common belief among the anti-corporatists who get miscalled anti-globalists: others are "Shareholder capitalism suffers from a vacuum of ownership", "press governments to double - no, treble - the sums they are giving to help fight the diseases that are plaguing so much of Africa and undermining its political and social institutions."
So wrote clew in History (21st c.). | TrackBack