Beware The Collapsing Social Contract

“[T]he super-rich are absconding with our wealth, and the plague of inequality continues to grow. An analysis of 2016 data found that the poorest five deciles of the world population own about $410 billion in total wealth. As of June 8, 2017, the world’s richest five men owned over $400 billion in wealth. Thus, on average, each man owns nearly as much as 750 million people.”
– Paul Buchheit, Alternet
“Congressman Steve Scalise, Three Others Shot at Alexandria, Virginia, Baseball Field”
– NBC News, June 14, 2017
“4 killed, including gunman, in shooting at UPS facility in San Francisco”
– ABC7News, June 14, 2017
“Seriously? Another multiple shooting? So many guns. So many nut-bars. So many angry nut-bars with guns.“
– MarianneW via Twitter
“We live in a world where “multiple dead” in San Francisco shooting can’t cut through the news of another shooting in the same day.”
– SamT via Twitter
“If the rich are determined to extract the last drop of blood, expect the victims to put up a fuss. And don’t expect that fuss to be pretty. I’m not arguing for social war; I’m arguing for justice and peace.”
– Yours truly
When the social contract breaks from above, it breaks from below as well.

This post was published at Zero Hedge on Jun 16, 2017.