Saturday, July 23, 2011

Robert Scheer | "The Peasants Need Pitchforks"

Robert Scheer, Truthdig: "The delusion of a classless America in which opportunity is equally distributed is the most effective deception perpetrated by the moneyed elite that controls all the key levers of power in what passes for our democracy. It is a myth blown away by Nobel Prize winner Joseph E. Stiglitz in the current issue of Vanity Fair. In an article titled 'Of the 1%, by the 1%, for the 1%' Stiglitz states that the top thin layer of the superwealthy controls 40 percent of all wealth in what is now the most sharply class-divided of all developed nations: 'Americans have been watching protests against repressive regimes that concentrate massive wealth in the hands of an elite few. Yet, in our own democracy, 1 percent of the people take nearly a quarter of the nation's income - an inequality even the wealthy will come to regret.'"
Read the Article

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