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Reply #12: You're right on the money. Sorry for the pun. Check the book [View All]

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Home » Discuss » Archives » General Discussion (Through 2005)

EVDebs

(1000+ posts) Send PM | Profile | Ignore

Fri Aug-19-05 01:11 PM
Response to Reply #11

12. You're right on the money. Sorry for the pun. Check the book

Wealth and Democracy by Kevin Phillips, hardly a 'fighting element of the left' btw, and you'll see that the concentration of wealth in the US is inexorably destroying democracy here.

Since the end of the Vietnam War, 1973 on, incomes have stagnated in this country and the wealthiest few have rigged the game against everyone else. As Phillip's book shows us, all economic empires fall when the concentration of wealth becomes too 'top heavy' (to steal a phrase from Edw. Wolff).

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