By Chuck Collins
Over the prior thirty years, we have seen an intensive redistribution of wealth upward to a tiny fraction of the inhabitants. right here, activist Chuck Collins explains the way it occurred and marshals wide-ranging facts to teach precisely what the 99/1 percentage divide skill within the actual global and the wear it explanations to participants, companies, and the earth. most vital, he solutions the burning query, what will be performed approximately it? He deals a common sense consultant to bringing a few society that works for everybody: the one hundred pc. it is a fight that may be received. finally, the percentages are ninety nine to one in our want.
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Extra info for 99 to 1. How Wealth Inequality Is Wrecking the World and What We Can Do about It
Every couple of days I log on and read the profiles and pictures that people post at one of the “We are the 99 percent” websites. One thing I know for certain: the underlying conditions that gave rise to the 99 percent movement—joblessness, economic insecurity, bloated CEO pay, unpayable student loan obligations, grinding poverty, and collapsing middle-class livelihoods—are not going away soon. At the same time, a segment of the top 1 percent and a few thousand transnational corporations have a tight grip on our media and political process and have been blocking change.
Partnering with Wall Street Game Riggers Individuals in the top 1 percent who are active game riggers are usually linked to corporations connected to Wall Street. As we shall discuss in chapter 5, Wall Street is the 1 percent’s institutional home—and the engine of activity that has fueled inequality and economic instability. S. Chamber of Commerce and the Business Roundtable that have armies of lobbyists and public relations firms. These five uses of influence by a segment of the 1 percent have led to new levels of inequality—and a form of plutocracy rule by a wealthy elite that uses its power to expand its wealth and power.
Appear disconnected from the real concerns of ordinary Americans. S. Congress appears preoccupied with matters such as the national debt and debt ceiling, rather than deep unemployment, home foreclosures, corporate tax dodging, and the collapse of the middle class. Most of us have felt powerless to change these growing inequality dynamics and the reckless and shortsighted actions of the powerful. This is, in part, because most of the corporate media that dominates our airwaves didn’t think inequality was a topic worthy of much public scrutiny or discussion.
99 to 1. How Wealth Inequality Is Wrecking the World and What We Can Do about It by Chuck Collins