Tomgram: Lewis Lapham, The Rule of Money | TomDispatch

The American Dream (if you are rich):

Here’s what the latest census data tell us: in 2011, the middle class shrank to “an all-time low” as the Washington Post headline had it, while the income of the wealthiest Americans continued to climb. The poverty rate leveled off at a still shuddering 15%, with more than one of every five Americans under eighteen living in poverty. The Gini Index, a measure of income inequality, rose by 1.6%, the “biggest one-year increase in almost two decades.”

via Tomgram: Lewis Lapham, The Rule of Money | TomDispatch.

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