Because economic power translates into political power,
the extreme concentration of wealth in the top 1 % undermines democracy.
Thus, impeding
the extreme concentration of wealth was / is seen as a virtuous endeavor to enshrine US meritocracy.
He also explained how
that extreme concentration of wealth will affect everyone else.
Not exact matches
Above all, the growing
concentration of wealth has reshaped our political system: it is at the root both
of a general shift to the right and
of an
extreme polarization
of our politics.
The landscape shows the reversal
of urban to suburban migration patterns, an
extreme concentration and stratification
of wealth and power, marginalization and displacement
of industry, and the emergent precarity
of environmental catastrophe.
Whether or not anthropogenic climate change is exacerbating
extreme weather events, vulnerability to
extreme weather events will continue to increase owing to increasing population and
concentration of wealth in vulnerable regions.