Grand Banana Republic: it really is a banana republic

Posted: November 11, 2010 in Current events, Politics, Society
Tags: ,

“…You no longer need to travel to distant and dangerous countries to observe such rapacious inequality…The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. As Timothy Noah of Slate noted in an excellent series on inequality, the United States now arguably has a more unequal distribution of wealth than traditional banana republics like Nicaragua, Venezuela and Guyana…” Here (NY Times)

Related: It’s in the numbers

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