Making the world safe for plutocracy

October 20th, 2002 § Comments off

In today’s New York Times Magazine, Paul Krugman weighs in with an insightful article about America’s growing gap between the rich and the poor. Krugman makes a convincing argument that the country has entered another Gilded Age. For example, in 1998, according to Krugman, “the 13,000 richest families in America had almost as much income as the 20 million poorest households; those 13,000 families had incomes 300 times that of average families.”

Incidentally, you can use “pinchydotorg” as the login and password for the New York Times Web site.

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