[p2p-research] CBPP: Top 1 Percent of Americans Reaped Two-Thirds of Income Gains in Last Economic Expansion

[Nathan Cravens]

When lack of information is unequal to result in a relative equal amount of
exchanges, such as the decrease in labor value by means of technological
efficiencies, the economy tanks, after reactive or parasitic financial
tricks fail.

The major income distribution to the top is the result of technological
efficiencies such as automation such as software to replace 'information
workers'. Monopoly or property mergers are similar strategies that to 'play
on average growth' while population majorities continue into exchange trade
poverty, and real poverty for most that accept the norms of the existing
edifice.

Similar views are expressed by contemporaries such as Immanuel Wallerstein
(2004) and Richard Wolff (2009). I am critical of Marxism and Anarchism, but
my views seem to echo many views within both of these areas as they are both
critical of capitalism as I am.

Nathan


On Wed, Sep 9, 2009 at 9:58 PM, Michel Bauwens <michelsub2004 at gmail.com>wrote:

> what is your theory?
>
> Michel
>
>
> On Thu, Sep 10, 2009 at 9:29 AM, Nathan Cravens <knuggy at gmail.com> wrote:
>
>> This adds further weight to my theory of exchange trade collapse!
>>
>> Nathan
>>
>> ---------- Forwarded message ----------
>> From: Michelle Bazie <bazie at cbpp.org>
>> Date: Wed, Sep 9, 2009 at 8:38 AM
>> Subject: CBPP: Top 1 Percent of Americans Reaped Two-Thirds of Income
>> Gains in Last Economic Expansion
>> To: knuggy at gmail.com
>>
>>
>>    [image: Center on Budget and Policy Priorities] <http://www.cbpp.org>     Top
>> 1 Percent of Americans Reaped Two-Thirds of Income Gains in Last Economic
>> Expansion
>> Income Concentration in 2007 Was at Highest Level Since 1928, New Analysis
>> Shows <http://www.cbpp.org/cms/index.cfm?fa=view&id=2908>
>>
>> by Avi Feller and Chad Stone
>>
>> “Two-thirds of the nation’s total income gains from 2002 to 2007 flowed to
>> the top 1 percent of U.S. households, and that top 1 percent held a larger
>> share of income in 2007 than at any time since 1928, according to an
>> analysis of newly released IRS data by economists Thomas Piketty and
>> Emmanuel Saez.
>>
>> “During those years, the inflation-adjusted income of the top 1 percent of
>> households grew more than ten times faster than the income of the bottom 90
>> percent of households.”
>>
>> *View the full report:*
>> http://www.cbpp.org/cms/index.cfm?fa=view&id=2908
>> http://www.cbpp.org/files/9-9-09pov.pdf  3pp.
>>
>>
>>
>>
>>
>>  Contact
>>
>> Michelle Bazie
>> Deputy Communications Director
>> Center on Budget and Policy Priorities
>> 820 First Street, NE, Suite 510
>> Washington, DC 20002
>> bazie at cbpp.org
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>
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