
This is a shame. The wealth gap in the US has been increasing for a long time and now it is accelerating just as in China! Free trade has robbed the US alone of nearly 13-20 million jobs. Both parties seem equally greedy – whether George Soros or Warren Buffet. This culture of hyper-greed is pervasive in Wall Street and it’s glorified in popular media.
Here are some interesting papers:
http://www.economics.pomona.edu/colloquium/gourinchas.pdf
http://opim.wharton.upenn.edu/risk/downloads/WEF_Global-Risks_2010.pdf
http://www.svsu.edu/emplibrary/Whelton%20article.pdf
http://www.u.arizona.edu/~lkenwor/challenge2010.pdf
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