By Chuck Collins
Over the prior thirty years, we have seen a thorough 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 info to teach precisely what the 99/1 percentage divide ability within the actual global and the wear it explanations to contributors, companies, and the earth. most crucial, he solutions the burning query, what may be performed approximately it? He deals a common sense consultant to bringing a couple of society that works for everybody: the one hundred pc. it is a fight that may be gained. in any case, the chances are ninety nine to at least one in our prefer.
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Extra resources for 99 to 1. How Wealth Inequality Is Wrecking the World and What We Can Do about It
Thanks to protesters occupying Wall Street and the “99 percent” movement across the world, the conversation began to shift. And even as protests morph into new forms, a fundamental change in attitudes is under way. 7 These feelings about inequality are unlikely to change in coming years. People’s deep anger has been given credence. The eloquent personal statements appearing at places such as the We Are the 99 Percent website give expression to the suffering, pain, insecurity, and anger that have been invisible for far too long.
S. trend but a global tendency, as the wealthiest 1 percent of the planet’s citizens delinked from the rest of humanity in terms of wealth, opportunity, life expectancy, and quality of life. The New Grand Canyon: Extreme Inequality There has always been economic inequality in the world and within the United States, even during what is called the “shared prosperity” decades after World War II, 1947 to 1977. But since the late 1970s, we’ve entered into a period of extreme inequality, a dizzying reordering of society.
There has been a triumph of capital and a betrayal of work. The story of the last three decades is that working hard and earning wages didn’t move you ahead. “Real income”—excluding inflation—has remained stagnant or fallen since the late 1970s. Meanwhile, income from wealth (such as investments, property, and stocks) has taken off on a rocket launcher. Today, the dirty secret about how to get very wealthy in this economy is to start with wealth. Most Americans are aware, on some level, that the rich have gotten steadily richer.
99 to 1. How Wealth Inequality Is Wrecking the World and What We Can Do about It by Chuck Collins