Thursday, October 13, 2011

What the Wall Street protesters are angry about

The top 1% of Americans own 42% of the financial wealth in this country. The top 5%, meanwhile, own nearly 70%.

Business Insider:

Inequality in this country has hit a level that has been seen only once in the nation's history, and unemployment has reached a level that has been seen only once since the Great Depression. And, at the same time, corporate profits are at a record high.

In other words, in the never-ending tug-of-war between "labor" and "capital," there has rarely—if ever—been a time when "capital" was so clearly winning
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