POL382H1 Lecture : POL382 March 13.docx
Document Summary
March 13, 2012 first started working on inequality file in mid-1990s, asked to revisit in the 2000s. Expected inequality would have diminished given extreme economic growth from late 1990s. But inequality had grown since 70s, 80s, 90s, & 2000s it has grown in good times & bad. Most provocative def"n of democracy by thomas jefferson: of the people, for the people . Occupy set the frame of the 99%, the idea of how great the inequality had become. It was a question of waking up, not the facts that were the issue, the reality that had been turning a blind eye to it. Time for our generation to get involved b/c economically, our needs haven"t been met for decades. > during period when economy firing on all cylinders; have never seen before the rise of the richest 1%: doubled their share of income since 1970s. Cpi forecast 3% for 2011, 2. 1% of 2012. Housing, pse & energy prices up most.
