Concentration of power inherently wrong

by Ginosar  

Our inability to solve any serious national and international problem is partially due to the concentration of power by the few. We the people in the US are represented in Congress by mostly wealthy people who are controlled by wealthier people. Their self interest is more powerful than their interest in solving our key national and international problems.

A century ago Justice Louis Brandeis warned us about the negative impact of concentration of great wealth. The facts below tell us that we are in a deep national and international trouble since the people with that wealth and power are few and concerned mostly about their own well being. With the immense troubles the world is now facing: economic collapse, global warming, rapid and unsustainable population growth, and wide-spread deep poverty, unless something drastic change, humanity is facing troubles we never faced before, and especially because the problems are spread globally, and global solutions are mandatory.

Matania

 

"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both."

Louis D. Brandeis (Associate Justice of the US Supreme Court)



"Between 2003 and 2007, 65 percent of all income growth in the US went to the richest 1 percent of the population. That lopsided distribution means that today, half of the national income goes to the richest 10 percent. In 2007, the top 1 percent controlled 34.6 percent of the wealth- significantly more than the bottom 90 percent, who controlled just 26.9 percent.

That is a huge shift from the post-war decades, whose golden glow may have arisen largely from the era's relative income equality. During the Second World War, and in the four decades that followed, the top 10 percent took home just a third of the national income. The last time the gap between the people on top and everyone else was as large as it is today was during the Roaring '20s.

..The rise of today's super-rich is a global phenomenon. ..."

"These global super-rich work and play together...."

..."These meritocrats are the winners in a winner-take-all world. Among the big political questions of our age are weather they will notice that everyone else is falling behind, and whether they will decide it is in their interest to do something about that".


Chrystia Freeland, Editor, Thompson Reuters Digital, The Atlantic, July/August 2011


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