BLOG

Do We Really Need Billionaires?

By Lawrence Wittner ~ Common Dreams ~ According to numerous reports, the world’s billionaires keep increasing in number and, especially, in wealth In March 2018, Forbes reported that it had identified 2,208 billionaires from 72 countries and territories.  Collectively, this group was worth $9.1 trillion, an increase in wealth of 18 percent since the preceding year.  Americans led the way with a record 585 billionaires, followed by mainland China which, despite its professed commitment…

Read more Leave a comment

America 2018: Even More Gilded Than America 1918

By Bob Lord ~ Other Words ~ Wealth is more concentrated now than it was in John D. Rockefeller’s day. It took 100 years, but America has returned to its unequal past. With a vengeance. The year many consider the height of the Gilded Age, when John D. Rockefeller’s wealth was at its peak, was exactly a century ago, in 1918. By that time, Rockefeller had amassed about $1.2 billion…

Read more Leave a comment