Robert Reich: @idening inequality is the underlying culprit. As long as almost all the gains from economic growth continue to go to the top, the vast middle class doesn’t have the purchasing power to boost the economy on its own.
Randy Shaw: The United States has the most homeless persons, and the most families living in unaffordable and/or unsuitable housing in the industrialized world, and yet their plight –even when linked to a major political news hook – is not deemed newsworthy.
Robert Reich: Most of the gains from the productivity revolution are going to the owners of capital, while typical workers are either unemployed or underemployed, or else getting wages and benefits whose real value continues to drop.
Charles Hayes: American history shows beyond a doubt that our health as a nation is dependent in large part on a vibrant middle class. Extreme inequality severely weakens our economic foundation.
Brent Budowsky: The increasingly likely victory of Francois Hollande in the French presidential election would be the shot for economic justice and jobs that will be heard around the world.
Robert Reich: Republicans have become the U.S. party of Angela Merkel, demanding and getting spending cuts at the worst possible time – and ignoring the economic and social consequences.
Steve Mikulan: Walmart’s biggest black eye came from a story outlining how the head of the retailer’s Mexican operations spent $24 million bribing officials there to fast-track its expansion in Mexico.
Kwazi Nkrumah: Overall, Americans are now carrying about $798.3 billion in revolving debt, a type of debt that is almost entirely made up of credit card balances,
Ellen Brown: The Goldman Sachs coup that failed in America has nearly succeeded in Europe—a permanent, irrevocable, unchallengeable bailout for the banks underwritten by the taxpayers.
Robert Reich: I worry about the well-financed big lies that the very rich are the nation’s “job creators,” that the benefits from tax cuts on the rich “trickle down” to everyone else.
Tina Dupuy: Americans have mobile phones with immobile socioeconomics. Put that in your made-in-China travel mug and sip it.
Steve Hochstadt: Polls showed that only 4% of filers do file taxes the way I do, with pencil and paper and a calculator. Most people use some tax software and file electronically.
Mark Naison. As in the Hollis Queens example, Occupy Wall Street has not only changed the conversation about economic inequality in the United States, but given people around the nation hope that they can do something about it!