Thursday, February 13, 2014

Divergence at the top – the 0.01%

Click here to access article by David Ruccio from Real-World Economics Review Blog.

This chart portrays graphically the natural tendency of the capitalist system toward concentration of wealth by the few. While viewing it, one should keep in mind that especially under capitalism, wealth=power. It also shows that neoliberalist policies made possible by dramatic advances in technology, all of which has come under the "ownership" of the capitalist class, have added steroids to this natural tendency.