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Rich get richer, everyone else not so much in record U.S. expansion
by Trevor Hunnicutt
Reuters Translate This Article
2 July 2019
On 2 July 2019 Reuters reported:
Welcome to the longest U.S. economic expansion in history, one perhaps best characterized by the excesses of extreme wealth and an ever-widening chasm between the unfathomably rich and everyone else. ... The wealthiest fifth of Americans hold 88 percent of the country's wealth, a share that has grown since before the crisis, Federal Reserve data through 2016 shows.
Global Good News service views this news as the failure of modern business systems.
Such 'flops' highlight the need for more intelligent, evolutionary, Natural Law based, life-supporting systems.
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Knowledge based—programmes to bring the support of Nature to every individual, raise the quality of life of every society, and create a lasting state of world peace.
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