Before reading further, understand that the orginal article is Timothy Noah's The United States of Inequality: Introducing the Great Divergence in SLATE.
His work was picked up by the New York Times which led to the headline cerated by Business Insider, reporting IT'S OFFICIAL: America Is Now A Banana Republic
One of the hallmarks of banana republics, says the NYT's Nicholas Kristof, is income inequality. In some countries, the wealthiest 1% of the population takes home 20% or more of the national income.
And now the same is true in America:
The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. As Timothy Noah of Slate noted in an excellent series on inequality, the United States now arguably has a more unequal distribution of wealth than traditional banana republics like Nicaragua, Venezuela and Guyana.
I am not sure which is worse, Republicans who made it happen, or Democrats who refused to stop it and aquiesced. Thus the heading for this blog:
A candid examination of right-wing policies and the Democrats who play along and the horrid liberal policies designed to assuage the moderates but end up irritating everyone. And other stuff.
This is not other stuff.