Angry Robot

The Great Divergence

An essential series of articles about the growing gulf between rich and poor in the US. Income disparity is now worse than it was in 1915, and the US has lower class mobility than the UK. “Income distribution in the United States is more unequal than in Guyana, Nicaragua, and Venezuela, and roughly on par with Uruguay, Argentina, and Ecuador. Income inequality is actually declining in Latin America even as it continues to increase in the United States. Economically speaking, the richest nation on earth is starting to resemble a banana republic.”

• September 21, 2010, 5:22 pm |