Tag: inequality

Chrystia Freeland: The rise of the new global super-rich

Chrystia Freeland: The rise of the new global super-rich

So here’s the most important economic fact of our time. We are living in an age of surging income inequality, particularly between those at the very top and everyone else. This shift is the most striking in the U.S. and in the U.K., but it’s a global phenomenon. It’s happening in communist China, in formerly …

How American CEOs got so rich

How American CEOs got so rich

On October 24, 1929, the American stock market crashed. The New York Stock exchange is in a panic! Frantic investors have scrambled to unload their stocks Fortunes disappeared overnight, and the value of American companies tanked. But the people in charge of those companies had an idea. They started buying shares of their own company’s …

Basic Income (10 Reasons)

Basic Income (10 Reasons)

The US Declaration of Independence says we all have the right to life and liberty. But the truth is you don’t have the right to life and liberty unless you can afford it. One in seven Americans lives in poverty. That means they can’t afford basic needs like food and shelter. But we have in …

Top 10 Facts – Money

When most of us think of money we think of circular fragments of metal, inked sheets of paper, and quasi-magical plastic issued by the bank-fairy. But what did people do before money? Well, long before the advent of modern day currencies, people engaged in a practice known as barter. Bartering is the direct exchange of …