Under the section "Consequences of Inequalities" he writes about the realities of such inequality:
First and foremost, billionaires and their political, legal and corporate associates dominate the political parties. They designate the leaders and key appointees, thus ensuring that budgets and policies will increase their profits, erode social benefits for the masses and weaken the political power of popular organizations.The system of capitalism inevitably degenerates into this reality. In order to eliminate all such undesirable (and worse) effects , we must find a way to end the system and replace it with one that fosters equality, true democracy (providing opportunities for everyone to participate in governing), and harmony with nature.
Secondly, the burden of the economic crisis is shifted on to the workers who are fired and later re-hired as part-time, contingent labor. Public bailouts, provided by the taxpayer, are channeled to the billionaires under the doctrine that Wall Street banks are too big to fail and workers are too weak to defend their wages, jobs and living standards.
Billionaires buy political elites, who appoint the World Bank and IMF officials tasked with instituting policies to freeze or reduce wages, slash corporate and public health care obligations and increase profits by privatizing public enterprises and facilitating corporate relocation to low wage, low tax countries.
