Wall Street is the financial center of the U.S. and perhaps the world. What goes on in a few square blocks of lower Manhattan may determine the fate not just of individuals but of entire nations. The stock market has been booming, yet, as Doug Henwood points out, the gains are not widely shared. Stock ownership is concentrated in the hands of the few.
Doug Henwood has been reporting on the business world for many years. He is the editor of Left Business Observer, a newsletter on economics and politics. His articles appear in The Nation, The Village Voice and other journals. He’s the author of The State of USA Atlas and Wall Street.