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09-08-12-Macro Analytics – INEQUALITY Precedes SOCIAL UNREST – Charles Hugh Smith

Over the last decade the gap between the ‘have’s’ and ‘have nots’ has widened to levels not seen since the Gilded Age in America. History teaches us that the price of inequality is social unrest.

Nobel Laureate Joseph Stiglitz in his new book “Freefall” outlines how the American Dream is now a myth. The middle class which has been the driver of a distorted 71% consumption based US economy has now been gutted. There are serious consequences of this paradyn shift that are now evident at all levels of the economic ladder.

Charles Hugh Smith and Gordon T Long explore the festering problems with youth employment, the lost decade for the American middle class, how the upper middle class is now under siege and how even upper class small business owners are now being impacted. With over 40 charts they lay out the details of why a surge in social unrest is clearly in the cards for America.

Are you the author?
Charles Hugh Smith
At readers' request, I've prepared a biography. I am not confident this is the right length or has the desired information; the whole project veers uncomfortably close to PR. On the other hand, who wants to read a boring bio? I am reminded of the "Peanuts" comic character Lucy, who once issued this terse biographical summary: "A man was born, he lived, he died." All undoubtedly true, but somewhat lacking in narrative.
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