Richest one percent controls nearly half of global wealth

Click here to access article by Andre Damon from World Socialist Web Site.

In the aftermath of the 2008 crash, state treasuries all around the world were looted to bail out the financial system, while central banks printed money to prop up the values of financial assets held primarily by the rich. Meanwhile, social services were slashed to pay for these bailouts, even as companies used mass unemployment to drive down their employees’ wages. The result has been an unprecedented increase in social inequality.

This process was spearheaded by the Obama administration [directors of the US capitalist class and sold to us by the entire ruling class media including their faithful employee and Chief of Public Relations, Barack Obama]....