British economist Tony Atkinson has been studying inequality - the gap in income and wealth between the top and the bottom - for nearly half a century. Now that the dogma of trickle-down has been exposed as myth . . .
As Greece defaults and faces a referendum this Sunday on a new bailout package, watch Noam Chomsky on Europe's "savage response" to the pushback against austerity demands. He spoke to Democracy Now! in March.
The people have to tighten their belts, even if that means adding a few notches, and the government must succumb to deregulation and increased privatization; in other words, Greece must surrender political control over its economy to foreign corporations.