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'Imagine something different': Obama confronts inequality in State of the Union address

Photo: NASA/flickr/Bill Ingalls

"Imagine if we did something different."

Those were just seven words out of close to 7,000 that President Barack Obama spoke during his State of the Union address. He was addressing both houses of Congress, which are controlled by his bitter foes. Most importantly, though, he was addressing the country. Obama employed characteristically soaring rhetoric to deliver his message of bipartisanship. "The shadow of crisis has passed, and the State of the Union is strong," he assured us.

From whose lives has the shadow of crisis passed? And for whom is this Union strong?

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Photo: Jjackunrau/flickr
| January 5, 2015

Trickle-down economics proves to be economic growth killer

Image: ipolitics.ca
A surprisingly strong report just released by the prestigious OECD may cause the public to regard neoliberal snakeoil salesmen peddling a trickle-down scam more skeptically in the future.

Related rabble.ca story:

Columnists

Trickle-down economics? It's a scam, confirms OECD

Image: ipolitics.ca

No doubt the rich and powerful have been cracking up with laughter for decades over their ability to peddle "trickle-down economics" to a trusting public.

But a surprisingly strong report just released by the prestigious Organization for Economic Co-operation and Development (OECD) may cause the public to regard these wealthy snakeoil salesmen more skeptically in the future.

Essentially, the OECD report reveals the immensity of the trickle-down scam, which the report shows has not only failed to foster economic growth as promised, but has proved to be an overall killer of economic growth.

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Columnists

A number is never just a number: Billionaires

Photo: Thomas Hawk/flickr

1

There is one billionaire for every three million people in the world.

2,325

Number of billionaires in the world in 2014 -- a 7 per cent increase since last year and it represents an all-time record high. They control nearly 4 per cent of the world's wealth.

$7.3 trillion (U.S.)

Combined worth of the world's billionaires in 2014 -- up 12 per cent since last year. That's higher than the market capitalization of all the companies included in the Dow Jones Industrial Average.

25

Percentage of the world's billionaires living in the United States. It's the country with the most billionaires -- 571 of them.

38

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Photo: Rick Eh?/flickr
| November 26, 2014
Photo: Book_Maiden/flickr
| November 20, 2014
| November 20, 2014
Columnists

Canada's rapidly growing wealth gap remains off the political agenda. Why?

Photo: v i p e z/flickr

The Onion magazine suggests we should consider the gap between rich and poor the Eighth Wonder of the World -- "a tremendous, millennia-old expanse that fills us with both wonder and humility … the most colossal and enduring of mankind's creations."

Another aspect of the rich-poor gap that has always filled me with wonder is how the rich manage to keep it off the political agenda.

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