"We are becoming very much the kind of society we imagine we're nothing like."........ ""Says Krugman: Actually, a lot of what we know about inequality actually comes from him(economist Thomas Piketty), because he's been an invisible presence behind a lot. So when you talk about the 1 percent, you're actually to a larger extent reflecting his prior work. But what he'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. You're living in the past. You're living in the '80s. You think that Gordon Gekko is the future."
And Gordon Gekko is a bad guy, he's a predator. But he's a self-made predator. And right now, what we're really talking about is we're talking about Gordon Gekko's son or daughter. We're talking about inherited wealth playing an ever-growing role. So 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, “patrimonial capitalism.” And he does it with an enormous amount of documentation and it's a revelation. I mean, even for someone like me, it's a revelation.""
PS-Perception of democracy and equal opportunity under the law/sustainability of fiat currency and debt/rising prices of food and energy/.... all "BLACK SWAN EVENT BUBBLES" are keeping on expanding and the emperor has no cloth and no clue:TROUBLE AHEAD FOR THE 99%!CONVERSELY:BEST TIMES FOR THE 1%!! I believe there is a chance(for big capital gains) for those who can thinks like the 1%, front running them,and without being run over by their Rolls Royce.
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