STWR - Share The World's Resources

With the collapse of the Soviet Union in 1991, the United States stood tall — militarily invincible, economically unrivalled, diplomatically uncontestable, and the dominating force on information channels worldwide. The next century was to be the true “American century,” with the rest of the world molding itself in the image of the sole superpower.

In March 1947, US President Harry Truman was preparing to launch a major foreign policy orientation that would define US foreign policy in the post Second World War era and beyond. It was based on active American involvement in world affairs for the purpose of containing, by force if necessary, the spread of communism around the world.

Economic discussion in the United States is trapped in ancient ruts. Both right and left are stuck in old habitual ways of thinking. Neither shows inclination or ability to think independently of ideology. For a country beset with economic problems, this is problematic.

Moral authority, which is our greatest source of strength, has been recklessly put at risk by this wilful president

Majorities Still Want US to Do Its Share in Multilateral Efforts; Not Withdraw from International Affairs; Mixed Views on US Overseas Bases.

The macro march backward of domestic income and wealth distribution has become remarkable.  At least we thought so enough to pen the following remarks.  In 2006 the corporate profits share of the national economy retouched its 1929 high.  Wage and salary income broke its 8 decade low watermark.  Our new economy increasingly replicates the distributional landscape of the late 19th and early 20th centuries.  Nowhere is this more clearly demonstrated than in the relation of taxes and income of the richest among us.  In their widely published research, Parisian professor Thomas Piketty and his colleague at UC Berkeley, Prof. Emmanuel Saez, have documented how far the progressiveness of the federal income tax has collapsed.1  Using their work, the Center on Budget and Policy Priorities (CBPP) in Washington produced Figure 1 below.2