From zerohedge ~ Bifurcation Nation ~ "Many observers focus on the economic causes of the widening wealth inequality, but the divide appears to be both cultural and financial. To say there are haves and have-nots and two major political camps does not distinguish this era from any other. But despite this surface similarity to previous eras, there is a palpable zeitgeist that the nation is bifurcating into two camps which no longer overlap or communicate using the same cultural signifiers and symbology. [...] In my analysis, the cultural upper class has the income and CONNECTIONS to build abundant HUMAN AND SOCIAL CAPITAL, while the lower class has neither the values-tools, income or connections to assemble these critical building blocks of wealth. [...] The emerging economy gives tremendous advantages to those with ample human and social capital and the value system that enables them to continue adding to their human and social capital throughout their working lives. Those without these skills and values will increasingly be marginalized." [EMPHASIS MINE]
Posted on: Mon, 24 Jun 2013 21:46:42 +0000
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