Aristocracy and pauperism in the Black community

From: Chicago Defender | Date: December 13, 2007| Author: Clingman, James | Copyright information

I am reminded of the fate of the infamous French Aristocracy, and its "let them eat cake" philosophy when I ponder our current economic situation. Wealth abounded in a few French families, but most other families suffered in abject poverty. Is this what the United States is becoming?

Robert Reich, former U.S. Secretary of Labor, referred to this new fashion of CEO's making million dollar windfalls after laying off thousands of workers, as "the disappearance of the implicit social contr...

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