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Monday, December 6, 2010

The Top 10%

According to University of California Santa Cruz sociologist, William Domhoff the top 10% of U.S. population  now controls 85% of the wealth in the United States and the same is true globally.  The concentration of wealth in the United States is now higher than at any time since before the New Deal and World War II.  See Domhoff at http://sociology.ucsc.edu/whorulesamerica/power/wealth.html.

Domhoff in this essay shows us some obvious correlations between wealth and power.  The more wealth is concentrated in the hands of very few people, the less power the rest of us have to change anything.  Witness how the union movement in America has grown weaker.

Let me ask for comments on something here.  If the top 10% control 85% of the wealth and control power as a result, doesn't this become a sort of indirect violence against the 85% that do not have those economic levers of power?

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