Soros vs Murdoch

In the news, two billionaires have been feuding over exactly who controls more of the mindless drones (middle class) in America. If you're the type who thinks with their Glen Beck, you'll immediately take sides. If you're the "Obama is the best president ever" type, you'll immediately pick the other side. So let's prove them both wrong by looking at the facts.

The two billionaires are George Soros and Rupert Murdoch. Obviously the two both have inordinate control over the political processes in the developed world, highlighting the more obvious flaws in our political systems. Personally, I believe we should implement a separation of corporation and state in a similar fashion that the US has a separation of church and state.

Net worth:

Soros- ~$14.2 billion

Murdoch- ~$6.2 billion

Soros is the obvious winner. If he put his mind to it, the man could probably buy half of Europe. But where does he spend his money? What does he influence?

Relevant Political contributions:

Soros- $23 million Soros made it his personal mission during the 2004 election to defeat incumbent President Bush, which obviously failed. he has also donated over $7 billion to non-partisan causes such as donations to universities.

Murdoch- Though Murdoch was a citizen of Australia until 1987 and was thus unable to contribute to American political campaigns, he is widely regarded as a king maker. He owns NewsCorp which has employed numerous prominent public figures, including Olliver North, Newt Gingrich, Sarah Palin, and the political clown Glen Beck.

Winner: Murdoch. Twenty three million dollars towards a failed presidential campaign is insubstantial compared to owning an entire conglomerate of media and biased news outlets.

"Spreading the Message":

Soros: List of journalism provided by Soros (click for link)

Murdoch: List of media outlets owned by Murdoch

Winner: Obviously Murdoch. Here's an info graphic of all his holdings.

Overall winner? It's up to you. Do you believe that Soros' $7 billion contributions over the years solidifies his status as the ultimate evil overlord? Or do you believe Murdoch's ownership of one of the four major broadcast companies still left in the US, as well as fox news, makes his mindless followers more prevalent and potent? Let me know in the comments.

Inequality in the United States

Not many people know, realize, or acknowledge that the gap between the rich and the poor in the US has been growing alarmingly fast over the past 50 or so years. Sure, we've all heard the news about the sorry state of the job market while Wall Street CEOs give each other hundreds of millions of dollars in bonuses, but most of us never surmised exactly how dark the future looked for us and our children.

Here's a graph showing exactly how big that gap has grown:

And here's how that compares to how Americans want it to be:

From http://motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph

Don't get me wrong, an essential part of capitalism involves the rich being insanely wealthy while the rest remain destitute, but the degree to which America is now experiencing that is now nearly unprecedented.

Back in 2008, the US passed a .45 on the Gini Ratio, the ratio which measures the concentration of wealth. If a nation were to reach a Gini ratio of exactly 1, the wealth of that nation would lie solely in the hands of a single individual. As it stands, America's coefficient is surpassed only by third-world countries.

Now, one in five Americans shows an inability to afford food: http://frac.org/nearly-one-in-five-americans-report-inability-to-afford-enough-food/

So what can you do with this knowledge? Simply have it, and know it, and act upon it as you see fit. For a brighter future.