March 14th, 2011

14 Mar

Wealth Concentration Run Amok

By Walter

Without a doubt the Great Recession, as it has been labeled — making it more severe than a Plain Recession and less severe than a Depression — has been caused by the concentration of wealth. The belief among economists, business leaders, and politicians is that we have survived the worst and that the only way forward is up. Gradually, but up. However, the facts indicate otherwise. The latest evidence is that over the past year the pace of wealth concentration has accelerated. Take a look at these numbers.

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