"Is income inequality becoming the new global warming?" Inconvenient Income Inequality - NYTimes.com
"If denial is a river, it runs through doomed societies."
*Cough* Egypt *Cough* Rome. Greater income inequality is the death knell of advanced civilizations. The rich become more decadent and complacent believing everything should just come to them (tax breaks etc.) instead of continuing to champion hard work while the poor remain oppressed and uneducated, easily entertained and placated by problematic "bread and circuses" (Glee, football, the Kardashians).
The United States inherited the empire of the Britons and the Romans before them (English, the language itself speaks to its great linguistic debt to Latin). But will American citizens suffer the same plight as the Romans?
A long time ago, to be a citizen of Rome meant something - just ask St. Paul. Once the sun never set on the British empire. To be an American citizen means something today. However, we cannot let the sun go down on America. We must reverse this trend of decline so that we can insure our children enjoy the American Century our parents once did.
Read more: Writings of Ryu: Dalio's "Typical Cycle" and the Rise and Fall of Nations:
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