AlterNet's 10 Most Popular Economic Stories of 2010
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It was a good year for corporate America, which is sitting on record profits, and for Wall Street -- the Dow hit a new high just last week!
The "Main Street" economy, on the other hand, didn't fare so well, with a "real" unemployment rate (that includes workers who have given up or are forced to work part-time) hovering around 17 percent, a foreclosure crisis largely unabated by Washington's weak efforts to keep homeowners in their houses and one in three Amrican families living in near-poverty.
We worked hard to sort out what's been happening in the once-mighty American economy, and here are your favorite articles of the waning year.
By Mary Sykes, Psychotherapy Worker
The time is ripe for us to rethink some of our deepest beliefs about the way this country should work, and how we should live our lives.
By Joshua Holland, AlterNet
Its stock value has dropped 40 percent since April, and the bank is mum on what losses it's hiding on its $2.3 trillion balance sheet.
By Harriet Fraad, Tikkun Magazine
Society-wide depression has struck America. Why it's happened and what we can do about it.
By John Olympic, AlterNet
Thanks to recent teacher layoffs and the miserable job market, I've gone from substitute high-school teacher to Walmart associate.
Joshua Holland, AlterNet
Talk of limited government is appealing until you see what it actually means in practice: a society in which it's every man for himself.
Mark Ames, AlterNet
Her works are treated as gospel by right-wing powerhouses like Alan Greenspan and Clarence Thomas, but Ayn Rand found early inspiration in 1920's murderer William Hickman.
Zach Carter, AlterNet
Wall Street's captains of industry and top policymakers in Washington are often the same people. A lot of them get rich by playing for both teams.
Terrence McNally, AlterNet
Germans have six weeks of federally mandated vacation, free university tuition, and nursing care. Why the US pales in comparison.
David DeGraw, Amped Status
The economic elite have robbed us all. The amount of suffering in the United States of America is literally a crime against humanity.
And our most popular story of 2010 ...
Robert Reich, The Nation
Our economy can't thrive when the richest 1% get an ever larger share of the nation's income and wealth, and everyone else's share shrinks.