National Catholic Reporter

The Independent News Source

A New Gilded Age?

Writing at Vox Nova, Morning's Minion makes the case, quite effectively, that we are entering a new Gilded Age. The money quote:

We are living through a “de-leveling” of society where the rich retreat to their own enclaves and the values of the market trump the values of common citizenship. We are back to the old societal divisions between “labor” and “capital”, something that had become somewhat anachronistic in the postwar era. We are back to a time when the major income division is not between high-waged and low-waged individuals, but between those who rely on wages and those who rely on investment income – earned versus unearned wealth. Not surprising, social cohesion or social trust – the glue the binds society together – is coming part at the seams.

NCR Comment code: (Comments can be found below)

Before you can post a comment, you must verify your email address at Disqus.com/verify.
Comments from unverified email addresses will be deleted.

  • Be respectful. Do not attack the writer. Take on the idea, not the messenger.
  • Don't use obscene, profane or vulgar language.
  • Stay on point. Comments that stray from the original idea will be deleted. NCR reserves the right to close comment threads when discussions are no longer productive.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report abuse" button. Once a comment has been flagged, an NCR staff member will investigate.

For more detailed guidelines, visit our User Guidelines page.

For help on how to post a comment, visit our reference page.

 

Feature-flag_GSR_start-reading.jpg

NCR Email Alerts

 

In This Issue

September 12-25, 2014

09-12-2014.jpg

Not all of our content is online. Subscribe to receive all the news and features you won't find anywhere else.