5 The Wall StreetInequality Machine
The priority of the money system shifted from funding real investment for building community wealth to funding financial games designed solely to enrich Wall Street without the burden of producing anything of value.—David Korten
When we talk about the 1 percent, it is tempting to personalize it, envisioning individual millionaires and specific people in the bottom 99 percent. This is reinforced by the photographs that thousands of people have posted on websites with their “I am the 99 percent” stories.
But, as we’ve discussed, a key explanation for the lopsided distribution of wealth is how the 1 percent teams up with leaders of large transnational corporations in the United States and the rest of the world. ...