wealth

Wealth Concentration Drives a New Global Imperialism

Wealth Concentration Drives a New Global Imperialism

March 13, 2019

By Peter Phillips. Regime changes in Iraq and Libya, Syria’s war, Venezuela’s crisis, sanctions on Cuba, Iran, Russia, and North Korea are reflections of a new global imperialism imposed by a core of capitalist nations in support of trillions of dollars of concentrated investment wealth. This new world order of mass capital has become a…

The Decline of African-American and Hispanic Wealth Since the Great Recession

January 2, 2019

By Edward Wolff VOX CEPR Policy Portal Unlike income inequality, wealth inequality along racial lines in the US has received relatively little attention. This column presents new evidence on the changing landscape of relative wealth among whites, blacks, and Hispanics between 1983 – 2016 While many studies have documented the wide disparity in income between…

Bernie Sanders: Concentrated Wealth is Concentrated Power

Bernie Sanders Interviewed by Paul Jay on Yemen and on Inequality

December 3, 2018
TRNN Replay: At the Sanders Institute Gathering, Sen. Sanders joins Paul Jay who asks if breaking up the big banks is enough to weaken the power of Wall St.

Reality Asserts Itself - Rana Foroohar

May 9, 2018
On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” says the move from traditional pensions to 401k’s makes everyone feel they benefit from finance, when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay

Capital Flight From Africa: How the Poor Finance the Rich

March 1, 2018

A new World Bank report comparing economic growth among different regions in the world ignores key factors in addressing wealth and inequality in Africa–particularly the wealth that is stashed offshore in developed countries, says economist and author Leonce Ndikumana

The Road to Zero Wealth

September 23, 2017

Prosperity Now’s Dedrick Asante Mohammed says the racial wealth gap is growing, and if unaddressed, it will lead to zero wealth for communities of color in the next four decades

Unleashing the Transformative Potential of an Equitable Economy

August 13, 2017

The Institute for Policy Studies’ Chuck Collins says that to reverse inequality in the US, we need a “next system” for the economy

Tax Breaks for Wealthy Developers Reinforce Segregation in Baltimore

October 16, 2016

Morgan State Professor Lawrence Brown says the distribution of tax subsidies throughout the city only make racial barriers and economic isolation worse