Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Sunday, June 05, 2011

Wealth inequality is as extreme today as it was during the Great Depression years

92% Of Americans Are Socialists They Just Don’t Know It

Wealth inequality is as extreme today as it was during the Great Depression years. In real terms, the wealthy hold the majority of this nation’s wealth and income. The problem in this country is mass disillusionment. In a recent study by Duke and Harvard University they found many Americans believe that the top 20% of our nation’s wealthiest own 60% of the wealth. The real figure is the top 20% own 84% of our nation’s wealth and it is increasing every year.

When the respondents were asked to pick an unlabeled pie chart “How much should the top 20% own?” 92% of them preferred the Swedish model of income distribution over the current American economic model. The Swedish economic model, which is the top 20% own 36% of the nation’s wealth.

Full Article
Source: PoliticusUSA  
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