Zaman, Asad (2018) "An Islamic Approach to Inequality and Poverty" Journal of King Abdul Aziz University: Islamic Economics Vol 31 No. 1 pp 69-92 (January 2018).

Economic theory deliberately misleads and blinds us as to causes of inequality -- This has a lot to do with Power/Knowledge [link to main page]

They Rule:

They Rule: The 1% vs. Democracy by Paul Street ...

INCOME INEQUALITY: The book that is transforming the debate is Piketty-Goldhammer: Capitalism in the Twenty First Century

One of the well known effects of Laissez Faire is increasing income inequality. This page documents this in various ways.

This morning's paper is graced with an article that invokes a wonderful Kurt Vonnegut short story, Harrison Bergeron. Written in the early 1960s, it is a cautionary about government getting so spectacularly dedicated to equality, that it wrecks havoc on all of us.

Today's WSJ article envisions Obama, in his waning days, imposing just such a draconian reality on the USA population.

AHAHAHAHAHAHAH!!!

Nick Papageorge tells me that 89 people in the world have more of its wealth than the bottom 3 billion. And, according to the WSJ we are a sliver a way from the madness of Harrison Bergeron's world.

RWER Charts showing Income Inequality: {link}

http://rwer.wordpress.com/2011/02/25/25-graphics-showing-upward-redistribution-of-income-and-wealth-in-usa-since-1979/

What is the Occupy Wall Street complaining about? {link}

The 1 chart on billionaires you need to see:

http://www.washingtonpost.com/blogs/the-fix/wp/2014/04/08/the-1-chart-on-billionaires-you-must-see/?wpisrc=nl_fix

Also, Read:

Middle East's 157 Billionaires Dominate Region's UHNW Wealth

Percentage of Total Wealth Held By Middle Eastern Billionaires Is Highest In The World

http://ca.finance.yahoo.com/news/middle-easts-157-billionaires-dominate-070000048.html

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How did American Jews get so rich?

http://www.ynetnews.com/articles/0,7340,L-4099803,00.html

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Quarter of Egyptians live in poverty while 8 are worth $22.3 billion

https://www.middleeastmonitor.com/news/africa/10270-quarter-of-egyptians-live-in-poverty-while-8-are-worth-223-billion

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The World's Billionaires

Aggregate wealth $6.5 trillion

http://www.forbes.com/billionaires/list/#tab:overall

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Oxfam: World's Richest 1 Percent Control Half Of Global Wealth

http://www.npr.org/blogs/thetwo-way/2014/01/20/264241052/oxfam-worlds-richest-1-percent-control-half-of-global-wealth

ECONOMIC PROBLEMS IN USA:

State-Wrecked: The Corruption of Capitalism in America

Since the S.&P. 500 first reached its current level, in March 2000, the mad money printers at the Federal Reserve have expanded their balance sheet sixfold (to $3.2 trillion from $500 billion). Yet during that stretch, economic output has grown by an average of 1.7 percent a year (the slowest since the Civil War); real business investment has crawled forward at only 0.8 percent per year; and the payroll job count has crept up at a negligible 0.1 percent annually. Real median family income growth has dropped 8 percent, and the number of full-time middle class jobs, 6 percent. The real net worth of the “bottom” 90 percent has dropped by one-fourth. The number of food stamp and disability aid recipients has more than doubled, to 59 million, about one in five Americans.

So the Main Street economy is failing while Washington is piling a soaring debt burden on our descendants, unable to rein in either the warfare state or the welfare state or raise the taxes needed to pay the nation’s bills. By default, the Fed has resorted to a radical, uncharted spree of money printing. But the flood of liquidity, instead of spurring banks to lend and corporations to spend, has stayed trapped in the canyons of Wall Street, where it is inflating yet another unsustainable bubble.