Blogger Phil Ebersole writes today in a post titled “Monopoly power and what to do about it” (all boldface in original): The trouble with the U.S. economy is monopoly power. Concentrated business power means less consumer choice, less opportunity for entrepreneurs and greater concentration of wealth. Senator Elizabeth Warren Senator Elizabeth Warren described the problem very […]

What’s a person to do? or ‘Motivated avoidance’  From the American Psychological Association comes two studies here and here. Individuals are often confronted with information that they do not know how to comprehend or evaluate, even though this information can be of critical importance to the self (or society as a whole). In the case […]

Update: Mike Konczal also takes a  look at this question in Who are the one percent and what do they do for a living.Update 2: Another source for historical trends on inequality is at The Center for Budget and Policy Priorities by Taryn Hart     Taryn Hart publishes at her blog Plutocracy files and has interviewed […]

So today I read at the Yahoo Finance (it’s my home page because I can look at the stock numbers on the left and read the headline on the right for a guaranteed laugh) that  John Mauldin thinks the OWS would be better off if they occupiedCongress: Mauldin believes America still has time to figure […]