Krystal Ball: Rising Inequality Is 'Feature, Not A Bug' Of Capitalism

Ball describes how most Americans would be absolutely shocked to find out just how fast wealth inequality is spreading

I have a lot of complaints about MSNBC, but it's still the only U.S. channel where you might catch the occasional subversive rant. Krystal Ball:

In the newest of what are quickly becoming trademark rants, MSNBC’s Krystal Ball reviews the new, sold out economics book by Thomas Picketty, “Capital in the 21st Century”, and reveals the startling truth behind the destruction of our once-thriving democracy by America’s rising wealth inequality.

Using the example of Neo from the movie The Matrix, a man who is able to get a glimpse behind the curtains and learn the eye-opening and life-altering truth behind his perceived reality, Ball describes how most Americans would be absolutely shocked to find out just how fast wealth inequality is spreading, and how effectively it is dismantling what is left of our once-thriving democracy and middle class.

As she describes, it’s hard to believe that Washington, namely Republicans, have completely forgotten the fact that the once great American middle-class was built on a foundation of capitalism coupled with a strong government and regulatory apparatus that ensured that the country’s wealth was distributed in such a way that avoids the creation of large swaths of poor, disadvantaged, and disenfranchised working Americans who are powerless in the face of unfettered capitalism’s undeniable blowback.


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