RSS SubscribeEscaping the New Gilded Age
By Daron Acemoglu – Project Syndicate
In an America where wealth has increasingly become the primary source of social status, billionaires are viewed as entrepreneurial geniuses who exhibit unique levels of creativity, courage, foresight, and expertise on a wide range of topics. Yet it should be obvious that wealth is a poor metric for wisdom.
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Understanding the Divide
The poorest US states, based on per capita income, are, from first to last: Mississippi, Arkansas, Tennessee, West Virginia, Louisiana, Montana, South Carolina, Kentucky, Alabama, and North Carolina.
Looking at the list of the 10 poorest states, all except Montana are east of (or border on) the Mississippi River. That means they are older states. Those nine also happen to be concentrated in the South. This is significant: They were all slaveholding states.
https://www.forbes.com/sites/markhendrickson/2012/06/07/are-the-10-poorest-u-s-states-really-republican/