Tag Archives: Wealth Concentration

Wealth of 400 richest Americans hits record $2.9 trillion

By Alec Anderson Source: WSWS.org On Wednesday, the US finance magazine Forbes released its annual “Forbes 400” list of wealthiest Americans, revealing an immense increase in wealth among the top social stratum in the United States. The total net worth … Continue reading

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The Richest Sociopath in the World

By John Rachel Source: Dissident Voice Obviously the above pie chart is a put-on. It is well-documented that working conditions for most employees of Amazon are  abysmal, dehumanizing, bordering on abuse we normally associate with slavery. Moreover, the median employee’s salary under Jeff Bezos’ imperial … Continue reading

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25 Families Own $1.1 Trillion Between Them as the Global Wealth Inequality Gap Grows

Using data from their list Forbes has produced a list of the top 25 richest families in the world. Together they are worth over $1.1 trillion, or the entire GDP of Indonesia. By  Rosa Tressell and Dr. Leon Tressell Source: SouthFront Once … Continue reading

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What’s Wrong with the Economy: 9 Toxic Dynamics

By Charles Hugh Smith Source: Of Two Minds These nine dynamics are mutually reinforcing. Beneath the surface signals of an eternally rising stock market and expanding GDP, we all sense something is deeply, systemically wrong with the U.S. economy. These … Continue reading

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Assets of world’s “high net wealth” millionaires surged to $70 trillion in 2017

By Barry Grey Source: WSWS.org The concentration of the planet’s wealth in the hands of a narrow financial elite is growing by leaps and bounds. A new report published Tuesday reveals that the wealth of the world’s 18.1 million “high … Continue reading

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Big Pharma, Big Oil and Big Banks Meet the Definition of Terrorists

Common threads persist throughout definitions of terrorism: violence, injury or death, intimidation, intentionality, multiple targets and political motivation. Big pharma, big oil and big banks meet them all. By Paul Buchheit Source: Mint Press News Various definitions of terrorism have been … Continue reading

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What Lies Beyond Capitalism and Socialism?

By Charles Hugh Smith Source: Of Two Minds The status quo, in all its various forms, is dominated by incentives that strengthen the centralization of wealth and power. As longtime readers know, my work aims to 1) explain why the … Continue reading

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This Chart Defines the 21st Century Economy

By Charles Hugh Smith Source: Of Two Minds There is nothing inevitable about such vast, fast-rising income-wealth inequality; it is the only possible output of our financial and pay-to-play political system. One chart defines the 21st century economy and thus … Continue reading

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