August 17th, 2011
12:05 PM ET

5 key op-eds: Rich get richer; poor get poorer

“The inchoate rage beneath our global cities.” Richard Florida, Financial Times.

“Globalisation has made our great cities incalculably richer but also increasingly divided and unequal. More than youth, ethnicity or even race, London’s riots are about class and the growing divide between the classes.”

“Shaping a new world order.” Andrew Bacevich, Los Angeles Times.

“A new global order is rapidly emerging. In that order, the United States will no doubt remain a very important player. Yet alongside the U.S. will be several others: China preeminently among them, but with Russia, India, Turkey, Japan, South Korea and Brazil also demanding to be reckoned with.”

“We need not just jobs, but jobs that pay.” Barbara Ehrenreich, CNN.

“According to a January report from the National Employment Law Project, 76% of the new jobs generated in 2010 were of the low-paying variety, offering between $9 to $15 an hour.”

“Together We Can Beat the Deficit.” Patty Murray, Max Baucus and John Kerry, Wall Street Journal.

“Washington is mired in gridlock, and pundits and special interests from both sides of the aisle are already heaving boulders at our committee. But this issue is too critical to be examined through the typical ideological lens. And if this committee is going to deliver the results Americans deserve, we are going to need to meet eye-to-eye as people despite outside efforts to divide us as partisans.”

“A Tale of Two Downgrades.” Alan Blinder, Wall Street Journal.

“The downgrade succeeded in panicking the world's stock markets and leaving blood on many financial streets. But many frightened investors moved their money straight into what they still know is the world's safest asset: U.S. Treasurys. Treasury yields fell across the board—not exactly what you expect from a downgrade. In practice, S&P downgraded itself.”

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Topics: Debt Crisis

soundoff (5 Responses)
  1. Onesmallvoice

    Like I said before, the unification of Europe is a very bad idea as evidenced by their depressed economy and as for globalization of the world economy, the rich will get even richer while the poor will continue to get ever poorer!

    August 17, 2011 at 2:10 pm | Reply
  2. Bob W in DC & Mexico

    Should be required reading with a 10 minute time-out to cogitate on the truths and dangers presented here. Thanks for the article. Oh that some have eyes to read and ears to hear!

    August 17, 2011 at 3:31 pm | Reply
  3. j. von hettlingen

    “Shaping a new world order.” Andrew Bacevich, Los Angeles Times.
    "As with fiscal issues, so too with statecraft" – No, it's witchcraft and Washington has not "become an intellectual dead zone", but seen a revival of the Spanish Inquisition.
    Washington doesn't have to relinquish the claim to leadership. Defending one's hegemony in a increaslngly multipolar world would ultimately lead to conflicts and escalations. One has to employ a shrewd mix of soft and hard power, a smart diplomacy to stay unscathed.

    August 17, 2011 at 6:43 pm | Reply
  4. Sharky

    Eat the rich

    August 17, 2011 at 8:32 pm | Reply
  5. Silent Hunter

    This was predestined and took years for this plan to unfold. Every time period in human history shows that there was a class struggle. The global elite want to bleed the middle class right out so the middle class will not exist anymore.The TYRANNTS want nothing else but increased profits and low employee salaries. They should expect anarchy because the country runs off the working mans shoulders and he is getting tired of trying to find ways to make ends meet with NO help from the Government. The rich get richer and the poor get pizzed. Don't you think it is time to punt the oppressors and show them the meaning of pain by stripping thier wealth and giving it to the masses. I guess we are not at the tipping point of the struggle yet. It is coming and they are fully aware of the impending doom that awaits them. Enough is enough it is time we showed these DICTATORS what we are capable of. We are not stupid masses and we will be heard. I guess we will have to show them like we did back in the old country. OFF WITH HIS HEAD.

    August 18, 2011 at 10:40 am | Reply

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