Shifting Fortunes: The Wealth Gap
Supreme Court Justice Louis Brandeis once said, “We can have democracy in this country or we can have great concentrated wealth in the hands of the few, but we can’t have both.” What might Brandeis think as he viewed the current economy? Behind the hoopla of the economic boom, many Americans have actually lost ground. Most households have lower net worth than they did in 1983. To make ends meet, workers put in longer hours and have two jobs. Families sink deeper into debt while the top 1% accrue enormous wealth. Collins and Sklar are co-authors of Shifting Fortunes.
Chuck Collins is director of the Program on Inequality and the Common Good at the Institute for Policy Studies. He is author of Born on Third Base, 99 to 1 and Is Inequality in America Irreversible?
Holly Sklar writes for The Nation, Z, USA Today, and other journals and newspapers. She’s the author of Trilateralism, Streets of Hope, and Chaos or Community?: Seeking Solutions, Not Scapegoats for Bad Economics.