The lesson of the Reinhart-Rogoff affair: If we let wealth continue to concentrate — and corrupt our societies — we’ll all end up crying ‘96 tears.’
A colossal gift from a fabulously rich patron of the arts has the museum world buzzing. But hold the hosannahs. The rich aren’t saving us.
Luxury fortresses. Armored cars. Helicopter commutes. The abominably unequal ‘good life’ may be closer than you think.
How do unequal societies solve the problems — like traffic congestion — that make us miserable? They come up with solutions that make life easier for rich people.
Take all that post-election commentary about foolish billionaires and wasted millions in political contributions with a grain of salt. Our billionaires don’t have to actually win on Election Day to get their way.
In any society where wealth and income concentrate at the top, the affluent will almost always come to sneer at public services and the men and women who provide them.
Corporate execs and billionaire ideologues are creating — at taxpayer expense — a network of schools where learning takes a back seat.