
The US Economy Runs on Billionaire Pocket Change
The top 10% of earners account for almost half of all consumer spending in the United States. Wealth concentration has made economic stability shockingly reliant on elite consumption.
PreviousPage 10 of 10

The top 10% of earners account for almost half of all consumer spending in the United States. Wealth concentration has made economic stability shockingly reliant on elite consumption.

Joe Rogan built his empire by presenting himself as an entertaining, independent commentator. He gave it up for the 2024 election.

In Salvadoran president Nayib Bukele, Donald Trump sees a far-right authoritarian who has something he doesn’t: an actual popular mandate.

Donald Trump is skilled at inflaming culture-war conflicts to distract from the GOP’s shameless class war on behalf of the rich. For Democrats to counter Trump effectively, they need to attack the billionaire class.

The top 10% of earners account for almost half of all consumer spending in the United States. Wealth concentration has made economic stability shockingly reliant on elite consumption.

It’s clear that Donald Trump will aim to make governance as difficult as possible for Zohran Mamdani’s potential New York City mayoralty. But Mamdani has a range of options available to counter the president’s attacks.

In 2018, #AbolishICE was everywhere. Seven years later, the agency is bigger than ever, yet the slogan’s champions are nowhere to be found.

This month’s “Unite the Kingdom” march was the biggest far-right rally in British history. Sponsored by Elon Musk, it seeks not just to install Nigel Farage in government but to build a mass street movement.

Most major corporations — from airlines to social media platforms — now aspire to become unregulated banks. Bankification today accounts for the highest profit margins in the US economy, crippling productive capacity and setting the stage for the next crash.

Some of the most over-the-top apartments in New York City are owned — and left empty — by überwealthy foreign nationals.

How the socialist left and the anti-Trump Resistance are slowly but surely learning to work together.