Sunday, November 07, 2010
Moyers on class warfare
This excerpt is from Citigroup, not Moveon.org:
“Asset booms, a rising profit share and favorable treatment by market-friendly governments have allowed the rich to prosper… [and] take an increasing share of income and wealth over the last 20 years.”
“…the top 10%, particularly the top 1% of the United States –
the plutonomists in our parlance – have benefited disproportionately from the recent productivity surged in the US… [and] from globalization and the productivity boom, at the relative expense of labor.”
“… [and they] are likely to get even wealthier in the coming years. Because the dynamics of plutonomy are still intact.”
¶ 11/07/2010 10:43:00 AM
