Download 99 to 1. How Wealth Inequality Is Wrecking the World and by Chuck Collins PDF

By Chuck Collins

ISBN-10: 1609945948

ISBN-13: 9781609945947

Over the earlier thirty years, we have seen a thorough redistribution of wealth upward to a tiny fraction of the inhabitants. the following, activist Chuck Collins explains the way it occurred and marshals wide-ranging facts to teach precisely what the 99/1 percentage divide skill within the actual international and the wear and tear it explanations to members, companies, and the earth. most vital, he solutions the burning query, what could be performed approximately it? He deals a commonsense advisor to bringing a few society that works for everybody: the 100%. it is a fight that may be gained. in the end, the percentages are ninety nine to one in our want.

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Additional info for 99 to 1. How Wealth Inequality Is Wrecking the World and What We Can Do about It

Example text

We have pulled apart. Over a relatively short period of time, since the election of Ronald Reagan in 1980, a massive share of global income and wealth has funneled upward into the bank accounts of the richest 1 percent—and, within that group, the richest one-tenth of 1 percent. S. trend but a global tendency, as the wealthiest 1 percent of the planet’s citizens delinked from the rest of humanity in terms of wealth, opportunity, life expectancy, and quality of life. The New Grand Canyon: Extreme Inequality There has always been economic inequality in the world and within the United States, even during what is called the “shared prosperity” decades after World War II, 1947 to 1977.

Does the concentration of wealth matter to the larger society? This is where the debate has remained stalled for many years. Some analysts argue that inequality doesn’t matter as long as there is mobility, opportunity, and poverty alleviation. And some believe inequality is good because it motivates people at the bottom of the economic ladder to work harder. Most of us have been too busy to monitor the changing trends in the economy. Some of us have been on a financial treadmill, working harder and running faster to stay in the same place.

But Chuck Collins explains all this far better than I could—lucidly, compellingly, and, when necessary, graphically. As an activist who has worked with both ends of the economic spectrum—low-income people struggling to get by and millionaires concerned about the future of our country—he is one of our premier experts on inequality. And after you read this book, you’ll be another one. Preface Extreme inequalities of wealth are undermining much of what we hold dear. Our society is in the throes of an inequality death spiral as disparities of wealth and power compound and worsen.

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