Rich-Poor Gulf Risks US Downturn – Who Knew?
According to the Financial Times, a Federal Reserve official has just discovered that a vast disparity between the wealthy and everyone else might, just might, be bad for the economy. This profound insight comes after decades of policies that systematically funneled wealth upwards, often cheered on by the very economists now sounding the alarm. One might wonder if this 'risk' was less of a
surprise and more of an intended consequence for those who designed the system. It's almost as if diverting trillions into a military-industrial complex, endless wars, and corporate tax cuts—while simultaneously gutting social safety nets and infrastructure—had foreseeable outcomes. The same system that tolerates astronomical CEO-to-worker pay ratios (Bloomberg reported a median of 344:1 in 2023)
is now suddenly concerned about 'downturns.' It's a miracle they've even noticed the peasants from their Davos bubble.