Zerohedge: Government Is Largely Responsible for Soaring Inequality

US President Barack Obama awards the 201

Greenspan,_Alan_(Whitehouse) cc

Good report. Our system of crony capitalism has cut many people out of upward mobility, or at least made it much harder to get ahead. In our current system the established players compound their wealth with the help of the state.

The chairman of the Department of Economics at George Mason University says that it is inaccurate to call politicians prostitutes. Specifically, he says that they are more correct to call them “pimps”, since they are pimping out the American people to the financial giants.

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