Tag Archives: spoiled

The New 1% isn’t just the Rich, it is the Spoiled Oligarch Heirs (Krugman)

Economist Paul Krugman explains how the United States is becoming an oligarchy – the very system our founders revolted against.

Bill Moyers interviews Paul Krugman

” Capital in the Twenty-First Century by Thomas Piketty, a 42-year-old who teaches at the Paris School of Economics, shows that two-thirds of America’s increase in income inequality over the past four decades is the result of steep raises given to the country’s highest earners.

This week, Bill talks with Nobel Prize-winning economist and New York Times columnist Paul Krugman, about Piketty’s “magnificent” new book.

“What Piketty’s really done now is he said, ‘Even those of you who talk about the 1 percent, you don’t really get what’s going on.’ He’s telling us that we are on the road not just to a highly unequal society, but to a society of an oligarchy. A society of inherited wealth.”

Krugman adds: “We’re seeing inequalities that will be transferred across generations. We are becoming very much the kind of society we imagined we’re nothing like.” ”

Courtesy: http://www.juancole.com/2014/04/spoiled-oligarch-krugman.html

Imran Khan: a very Punjabi takedown in Kasur

By Omar

In his hurry to reach the prime minister’s chair, great cricketer and philanthropist Imran Khan has recently started acquiring every lota available on the Pakistani political scene (Lota, or ablution vessel, is the colloquial term for political opportunists who switch parties, frequently at a signal from our master strategists in Aabpara). His latest acquisition is Mr Khurshid Mahmood Kasuri, formerly foreign minister under Pervez Musharraf (and therefore part and parcel of the foreign policy that IK always describes as treacherous, anti-Muslim, sellout, disastrous, CIA-inspired, etc etc). Mr Kasuri, an otherwise respectable elder statesman from kasur, joined IK at a rally there. But somehow, the crowd spoiled the glorious occasion by running away with the chairs after the public meeting ended.

Hilarious video:

Who knows, maybe it was spontaneous, but I suspect that the fix was in…IK is remarkably disconnected from everyday Punjabi life and I think someone in the PMLN had the bright idea of teaching him “aatey daal ka bhao” (the price of flour and lentils…ie the state of affairs on the ground as opposed to how it looks from his evacuee property in Zaman Park). It wouldnt have taken much. A wink and a nod and a few professional saboteurs (the kind who are available in any village to “spoil” a rival’s wedding feast or other big occasion) would have started the free for all…after that, its a self-catalytic process. ….

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