As I stated in a recent blog post, Steven Pearlstein and Matt Miller of The Washington Post are becoming my regular weekly must-read columns. Here are some excerpts:
From Matt Miller’s column today:
“The mother of all inconvenient truths is this: Global capitalism's ability to lift hundreds of millions of people out of poverty in China, India and other developing countries comes partly at the expense of tens of millions of workers in wealthy nations. This awful, inexorable fact will soon pose an enormous moral and intellectual challenge for the American left.”
From Steven Pearlstein’s column yesterday:
“If you asked Americans how much of the nation's pretax income goes to the top 10 percent of households, it is unlikely they would come anywhere close to 50 percent, which is where it was just before the bubble burst in 2007… From World War II until 1976, considered by many as the "golden years" for the U.S. economy, the top 10 percent of the population took home less than a third of the income generated by the private economy.”
Please enjoy both reads and let me know what you think.
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