Average US Household Now Worth a Third Less, While Assets of the 1% Soar
It would be an understatement to assert that The New York Times (NYT) was never sympathetic to the Occupy Movement. NYT reporting on Occupy and income inequality has generally served as a mini-me transcript of former Mayor Michael (“I’m with the titans of Wall Street”) Bloomberg.
Yes, The New York Times does post Paul Krugman and occasional op-eds on income inequality, but usually, its coverage of economic issues leans heavily toward the financial interests of the top percentage earners – the people who buy the luxury goods and services advertised in the paper. When it comes to the economy, the NYT is not the paper of record; it is the paper promoting the interests and lifestyles of the rich.