Download They Rule: The 1% vs. Democracy by Paul Street PDF

By Paul Street

They Rule displays on key political questions raised via the Occupy circulate, exhibiting how related questions were raised by means of earlier generations of radical activists: who fairly owns and ideas the USA? Does it subject that the kingdom is split via stark category disparities and a focus of wealth within the fingers of some? alongside the way in which, this booklet sharpens readers' experience of who the USA oligarchy are, together with how their fortunes have replaced over the process US background, how they dwell and imagine and the way to become aware of and de-cloak them. They Rule is a masterful old and political research, revealing what lies underneath the skin people society and what traditional humans can do to result in social switch.

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Additional info for They Rule: The 1% vs. Democracy

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In what economists Claudia Goldin and Robert Margo call “the Great Compression” and the historian Judith Stein calls “the Age of Compression,”10 the share of the nation’s wealth owned by the top 1 percent fell strikingly, from 36 percent in the late 1930s to 20 percent in the middle 1970s. Already by the middle 1950s, the Nobel Prize–winning economist Paul Krugman notes, the post-tax incomes of the nation’s top 1 percent were 20 to 30 percent lower than they had been a generation before. The after-tax incomes of the top one-thousandth had fallen by more than half since the 1920s.

These key provisions of the Green New Deal enjoy majority public support in poll after poll. 95 It was characteristic of the unelected dictatorship’s hold that Stein’s powerful and synthetic reflection and alternative proposal was thoroughly ignored in the nation’s dominant corporate mass media, like her candidacy. ) The plutocrats had kept their shirts and more. indb 38 1/23/14 1:30 PM Chapter 2 Richistan and the Rest of Us The Second Gilded Age and Why It Matters If there was a gold medal for inequality, the United States would win hands down.

The New Gilded Age A New Oligarchy Arises The equalizing trend did not last more than a generation.  .  . ”25 These observations were obsolete the minute they hit the page they were written on. The Great Compression did not survive into the final fifth of the previous century.

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