There's probably no clearer demonstration of how and why we're constantly hearing about increasing and massive levels of
wealth concentration in this country.
The Boston Consulting Group projects this trend
of wealth concentration to continue, with the millionaire class controlling 49 % of global wealth by 2019.
Take that funding away and the market settles back into something more closely aligned with the underlying reality — the one of high unemployment / underemployment, high oil prices, stagnant middle - and lower - class incomes,
unprecedented wealth concentration in the upper class, demolished savers, under - investment in capital, and an ongoing transition to a low - wage service economy hard - pressed to service debt.
«With such
great wealth concentration at the top of the economic ladder, and working people having a harder and harder time,» Gianaris said, «it seems fair to me that we should ask a little bit more on a temporary basis to make sure mass transit is working for everybody.»
Today's must - read story is by Fortune's Chris Matthews, who reveals
that wealth concentration is growing as millionaires take over an even bigger chunk of the world's wealth.
In some countries, it was significant levels of income inequality and
wealth concentration that limited domestic consumption and forced up the savings rate.
This reflects the growing amount of government intervention in markets and
wealth concentrations, as well as the use of asset price manipulation as an extension of policy by government.
Wealth concentration is at levels not seen since pre-Great Depression era.
Wealth concentration in the US has now reached dramatic levels.
Which is why I am going to skip the homilies and get down to business: the historical moment into which you graduate — with climate change,
wealth concentration, and racialized violence all reaching breaking points.
This revisionist approach towards competition law expands the scrutiny beyond notions of consumer welfare standards into non-traditional economic considerations like fairness, underemployment, income inequality,
wealth concentration and broader social contexts.