I like this post on wealth disparity

Digby on Robert Frank's new book:

We hear a lot about income inequality these days and if you're like me, you probably wonder, other than the fundamental unfairness of it all, why this matters. After all, life isn't fair, get back to work and stop lallygagging.

As it turns out it matters a great deal, and that sense of dissatisfaction and anxiety so many of us feel is a direct result of the conspicuous consumption of the fabulously wealthy overclass trickling down through society and making it necessary for people to constantly buy more, even as they are earning the same. According to Frank, it's not just keeping up with the Joneses or class envy or any of the other things that people usually attribute to those who live beyond their means. It's a natural, human response to the context in which they live. Frank makes a compelling case that measuring yourself against your neighbors, co-workers or whatever, isn't just a matter of "keeping score." It's the way we make sense of the world. And that measure is affected every day by what the super-rich are buying.