America faces income inequality, political polarization, and dysfunctional governance.

Rose Prince

2018-05-17 07:41:00 Thu ET

Has America become a democratic free land of crumbling infrastructure, galloping income inequality, bitter political polarization, and dysfunctional governance? Key measures of American public engagement, satisfaction, and confidence are near historic low rates. These measures encompass voter turnout, general knowledge of socioeconomic public policy issues, and individual respect for basic government institutions.

U.S. infrastructure needs a comprehensive upgrade as income inequality soars in America. After some adjustment for U.S. CPI core inflation, the middle-class wages have been nearly frozen over the past 4 decades in America, whereas, the top 1% upper-class income triples over the same time frame.

Family stock ownership concentration also exacerbates U.S. economic inequality in comparison to OECD standards. The government bails out banks and millions of Americans lose their homes and jobs in the recent decade during the subprime mortgage crisis from 2008 to 2009.

The gradual economic recovery produces pecuniary fruits exclusively for the rich. In stark contrast, the bottom 99% population experiences an income uptick of less than half of 1%. Only the American democracy that discards its major mission of holding the social community together would produce these inadvertent results and consequences.

In a positive light, however, there are more socioeconomic opportunities available nowadays for women, non-whites, and other minorities. Technological advances and miracles happen in U.S. labs, world-class universities, and tech startups that specialize in robotic automation, medical diagnosis and treatment, data analysis and visualization, or artificial intelligence.

Despite this positive progress, the U.S. meritocratic class continues to master the old trick of passing socioeconomic advantages and privileges from one generation to the next. The resultant hereditary elite income and wealth concentration harms social mobility to the harsh detriment of many minorities and immigrants in America. Greater social mobility requires a reasonable reversal of fortune via progressive capital taxation, inclusive education, universal healthcare, ubiquitous employment, social security, and less crony capitalism (such as family ownership concentration).

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More

The Chinese new star board launches for tech firms to list at home.

Daphne Basel

2019-07-09 15:14:00 Tuesday ET

The Chinese new star board launches for tech firms to list at home.

The Chinese new star board launches for tech firms to list at home. The Nasdaq-equivalent new star board serves as a key avenue for Chinese tech companies t

+See More

Microsoft acquires GitHub, a software development platform that has been widely shared-and-used by 28 million programmers worldwide.

Joseph Corr

2018-06-04 08:38:00 Monday ET

Microsoft acquires GitHub, a software development platform that has been widely shared-and-used by 28 million programmers worldwide.

Microsoft acquires GitHub, a software development platform that has been widely shared-and-used by more than 28 million programmers worldwide. GitHub's

+See More

President Trump applies an increasingly bellicose stance toward the Iranian leader Hassan Rouhani.

Jacob Miramar

2018-08-09 16:36:00 Thursday ET

President Trump applies an increasingly bellicose stance toward the Iranian leader Hassan Rouhani.

President Trump applies an increasingly bellicose stance toward the Iranian leader Hassan Rouhani as he rejects a global agreement to curb Iran's nuclea

+See More

It may be illegal for institutional investors to buy-and-hold large equity stakes in a less competitive industry with high market concentration.

Olivia London

2017-11-27 07:39:00 Monday ET

It may be illegal for institutional investors to buy-and-hold large equity stakes in a less competitive industry with high market concentration.

Is it anti-competitive and illegal for passive indexers and mutual funds to place large stock bets in specific industries with high market concentration? Ha

+See More

Peter Isard analyzes the proper economic policy reforms and root causes of global financial crises of the 1990s and 2008-2009.

Jonah Whanau

2023-08-14 09:25:00 Monday ET

Peter Isard analyzes the proper economic policy reforms and root causes of global financial crises of the 1990s and 2008-2009.

Peter Isard analyzes the proper economic policy reforms and root causes of global financial crises of the 1990s and 2008-2009. Peter Isard (2005) &nbs

+See More

CNBC reports the Top 5 features of Apple's iPhone X.

Peter Prince

2017-09-13 10:35:00 Wednesday ET

CNBC reports the Top 5 features of Apple's iPhone X.

CNBC reports the Top 5 features of Apple's iPhone X. This new product release can be the rising tide that lifts all boats in Apple's upstream value

+See More