Tale of Two Worlds: The Rich Get Richer, Still

Abby Zimet

New numbers show the same old: A new report shows third-quarter corporate earnings up 18.6% from a year ago, with after-tax profits the highest-ever percentage of gross domestic product, even as wages fell to their lowest-ever share. In other words: rich get richer, poor get poorer. More on the archeology of decline, the so-called debtpocalypse, and capitalism's ongoing "penchant for creative destruction."

Our pandemic coverage is free to all. As is all of our reporting.

No paywalls. No advertising. No corporate sponsors. Since the coronavirus pandemic broke out, traffic to the Common Dreams website has gone through the roof— at times overwhelming and crashing our servers. Common Dreams is a news outlet for everyone and that’s why we have never made our readers pay for the news and never will. But if you can, please support our essential reporting today. Without Your Support We Won't Exist.

Please select a donation method:

Share This Article

More in: