To grasp the sheer magnitude of U.S. economic inequality in recent years, consider its two major stock market indices: the Standard and Poor (S&P) 500 and Nasdaq.
- Richard D. Wolff
- In These Times
Over the last 10 years, the values of shares listed on them grew spectacularly.
The S&P 500 went from roughly 1,300 points to over 3,800 points, almost tripling.
The Nasdaq index over the same period went from 2,800 points to 13,000 points, more than…