Five years ago this weekend, the Wall Street giant Lehman Brothers
collapsed triggering the worst financial crisis since the Great
Depression. Today, the divide between the 1 percent and the 99 percent
is as great as ever. According to one recent study, the top 1 percent
has captured about 95 percent of the income gains since the recession
ended. “Since the recovery, almost all of the gains have gone to the
very, very top. People who are in the top 1 percent are doing even
better than they did before the Great Recession, better than they have
done since 1928,” says former Labor Secretary Robert Reich. “Most
Americans are on a downward escalator. Median wage in the United States,
adjusted for inflation, keeps on dropping.” Reich is the focus of the
new film, “Inequality for All.” In this interview, he also talks about
Syria, the second anniversary of Occupy Wall Street on September 17,
Obama’s healthcare plan and Milton Friedman’s connection to the Pinochet
dictatorship in Chile.
Video
Source: democracynow.org
Author: --
Video
Source: democracynow.org
Author: --
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