By Chuck Collins
Over the previous thirty years, we have seen an intensive 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 info to teach precisely what the 99/1 percentage divide capability within the actual global and the wear it explanations to participants, companies, and the earth. most crucial, he solutions the burning query, what might be performed approximately it? He bargains a commonsense advisor to bringing a few society that works for everybody: the one hundred pc. it is a fight that may be gained. in the end, the chances are ninety nine to one in our desire.
Read or Download 99 to 1. How Wealth Inequality Is Wrecking the World and What We Can Do about It PDF
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Over the last 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 information to teach precisely what the 99/1 percentage divide ability within the genuine international and the wear and tear it explanations to members, companies, and the earth.
Additional info for 99 to 1. How Wealth Inequality Is Wrecking the World and What We Can Do about It
Just as individuals in the 1 percent are diverse actors, the 1 percent of corporations are also not unified. There are several thousand transnational corporations—the Wall Street inequality machine—that are the drivers of rule changes. But they are the minority. There are millions of other built-to-last corporations and Main Street businesses that strengthen our communities and have a stake in an economy that works for the 100 percent. We must defend ourselves from the bad actors—the built-to-loot companies whose business model is focused on shifting costs onto society, shedding jobs, and extracting wealth from our communities and the healthy economy.
Within the 1 percent are people who have devoted their lives to building a healthy economy that works for everyone. The focus of our concern and organizing should be the “rule riggers” within the 1 percent—those who use their power and wealth to influence the game so that they and their corporations get more power and wealth. This is good news, because the rule riggers, though powerful, don’t hold all the cards. And there are huge numbers of allies in the 1 percent who are part of the movements for a more fair and equitable world.
6 These private foundations, largely controlled by families in the 1 percent, give to a variety of issues and concerns, mostly apolitical. The largest recipients are universities, hospitals, and religious institutions—and the charity dollars are urgently needed. Only a tiny percent, however, estimated at around 3 percent, is given to projects that address poverty alleviation and the root causes of social problems. 7 The game riggers within the 1 percent use charitable foundations as an extension of their advocacy power.