Tag Archives: Billionaires

The social and economic roots of the attack on democratic rights

Inequality and the American oligarchy By Eric London Source: WSWS.org A report published September 27 by the US Federal Reserve, the Survey of Consumer Finances, shows that the top 10 percent of Americans now own 77 percent of all wealth. … Continue reading

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One nation under plutocracy

By Jack Balkwill Source: Intrepid Report Americans are brought up believing a fairy tale in which there is somehow democracy in their governance. But the late, great, Leonard Cohen exposed the system’s dirty little secret, “Everybody knows that the dice … Continue reading

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Now Just Five Men Own Almost as Much Wealth as Half the World’s Population

By Paul Buchheit Source: CommonDreams Last year it was 8 men, then down to 6, and now almost 5. While Americans fixate on Trump, the super-rich are absconding with our wealth, and the plague of inequality continues to grow. An analysis of 2016 data found that the … Continue reading

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Having Their Cake and Eating Ours Too

By Chris Lehmann Source: The Baffler What are billionaires for? It’s time we sussed out a plausible answer to this question, as their numbers ratchet upward across the globe, impervious to the economic setbacks suffered by mere mortals, and their … Continue reading

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