Tuesday, April 27, 2010

Winner Takes All

From David DeGraw at Amped Status

http://ampedstatus.com/as-the-middle-class-collapses-and-the-american-poverty-rate-soars-the-economic-elite-have-never-had-it-better-audio-transcript
"In 2009, the number of billionaires increased from 793 to 1,011, and their aggregate wealth increased by a stunning 50% - their aggregate wealth increased by 50% during the most devastating economic crisis since the Great Depression. Their aggregate wealth increased from $2.4 trillion, to $3.6 trillion, during the most devastating economic crisis since the Great Depression. The economic top 1% of the population now controls an all time record 70% of all financial assets."

I love DeGraw's polemics but the best analysis of 2010 so far in my opinion goes to Henry Liu, for his essay now up at Global Research "Bailouts, Stimulus and Jobless Recovery"
http://www.globalresearch.ca/index.php?context=va&aid=18884

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