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New Statesman: Explaining rising income inequality

The ongoing crisis of the major Western capitalist economies has citizens on both sides of the Atlantic asking why the incomes of the business elite keeps rising even as companies cut jobs, banks foreclose homes, and the threat of penury faces many families who thought they were solidly middle class … As shown by our research from projects funded by the European Commission, the Ford Foundation, and Soros’ Institute for New Economic Thinking, these overpaid corporate executives are getting these huge bonanzas for not doing their jobs.

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