How Can the Richest 1 Percent Be Winning This Brutal Class War Against 99% of Us? [View All]

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AlterNet / By Larry Beinhart

How Can the Richest 1 Percent Be Winning This Brutal Class War Against 99% of Us?
How has a tiny fraction of the population arranged for their narrowest economic interests to dominate those of the vast majority?

January 21, 2011 |


Who are they? The richest 1 percent. And maybe the next 9 percent.

Who are we? All the rest.

Which poses an interesting question.

How has a tiny fraction of the population – which is diverse in many ways – arranged for their narrowest economic interests to dominate the economic interests of the vast majority? And, while they’re at it, endanger the economic well-being of our nation, and bring the financial system of the whole world to the brink of collapse.

They have money.

We have votes.

Theoretically, that means we should have the government. Theoretically, government should be a countervailing force against the excesses of big money, take the long view for the good of the nation, and watch out for the majority. Let alone for the poor and downtrodden.

What we actually have is one political party that is flat out the party of big money and another party that sells out to big money. ..............(more)

The complete piece is at: http://www.alternet.org/economy/149596/how_can_the_richest_1_percent_be_winning_this_brutal_class_war_against_99%25_of_us/