Courtesy of Metafilter.com for bringing it to attention, here is a Vanity Fair article which chimes very strongly with my own thoughts on American wealth. Called "Of the 1%, for the 1%, by the 1%" (you can see where this is going) it very succinctly explores the time bomb which is the social inequality of America. It is a time bomb because what the 1% who take nearly 1/4 of the nations wealth in America have forgotten (despite ample lessons from history) is that their wealth and the stability of the society which helped create it depends on the other 99% of the population. What happens when the 99% get sick of such significant inequality?
My personal sense is that a population is happy to sublimate a host of negative aspects about their country while they feel rich in comparison to their neighbours. It is a self reinforcing tenant that you must right if you are wealthier than others. When this situation changes and you no longer feel wealthy compared to other countries (China, India, etc) you must begin to question why you are no longer king of the world, it is at this point that the 1% gets called to account.
Thank you Vanity Fair for funding comprehensive quality journalism which is well written and insightful. Thank you for making it freely available online. I also think that Harpers (see previous post) and Slate are also doing great work.
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