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Sunday, April 23, 2017

America Is Regressing Into A Developing Nation For Most People

Reprinted with permission from Alternet.

This post originally appeared on the blog of the Institute for New Economic Thinking.

You’ve probably heard the news that the celebrated post-WW II beating heart of America known as the middle class has gone from “burdened,” to “squeezed” to “dying.” But you might have heard less about what exactly is emerging in its place.

In a new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy, Peter Temin, professor emeritus of economics at MIT, draws a portrait of the new reality in a way that is frighteningly, indelibly clear: America is not one country anymore.…

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On Eve Of French Election, Trump (And Putin) Still Pushing ‘Nationalism’

Hold the exhalations of relief about the newfound “moderation” of Donald Trump and the supposed downsizing of Steve Bannon, his official extremist ideologue. With his all-but-explicit endorsement of Marine LePen, the French neo-fascist presidential candidate, it is now clear that Trump remains allied with foreign “nationalists.”

Specifcally, within hours after this week’s Paris terror attack — mounted by ISIS to line up frightened French voters behind its preferred candidate LePen — Trump issued a series of messages that played directly into that strategy. On Twitter he wrote: “Another terrorist attack in Paris… The people of France will not take much more of this…Will have a big effect on presidential election!” Then only hours later, the president — who customarily avoids endorsing foreign candidates — told the Associated Press that he expected the attack to bolster LePen because she is “strongest on borders and she’s the strongest on what’s been going on in France.”

In backing the leader of France’s neo-fascist party, Trump also resumed his role as the Western political stalking horse for Vladimir Putin.…

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