During the “golden age” of American capitalism (1947-1973), GDP grew 4.0% annually, with 4.8% unemployment and substantially higher income gains for the bottom 99% (4.1% per year) than the top 1% (1.8% per year). CEOs typically made 20 or 30 times as much as their average employee. From 1973 to 2011, GDP growth slowed to 2.7% annually, unemployment rose to 6.5% and income growth shifted entirely to the top 1% (4.8% annually) with no growth at all (0.0% annually) for the bottom 99%. CEOs now make 200 to 350 times more than their average employees. These figures obviously refute the whole “job creators” doublespeak. The 1% depends on others not getting paid — even getting screwed. That’s absolutely central to how their wealth is accumulated. 1%ers with The Sociopathic Imagination have contempt for average Americans who simply long for the promise of the American Dream that their parents and grandparents once took for granted. In distancing from Ayn Rands atheism, Paul Ryan was far more dishonest than Alan Greenspan, which paradoxically made him a better psychopath, and hence truer to Rand’s ideal. For Randian psychopaths and the many whom they manipulate, normal prosocial human behavior appears redshifted menacingly as “collectivism,” while ice-cold sociopathy appears warmed up as “individualism.” alternet.org/economy/sociopathic-1-percent-driving-force-heart-tea-party?page=0%2C8
Posted on: Sun, 30 Mar 2014 03:11:55 +0000
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