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Showing posts from August, 2018

[VID 58 min. ] "Park Avenue: money, power and the American dream - Why Poverty?" published 5 Jan 2013

740 Park Ave, New York City, is home to some of the wealthiest Americans. Across the Harlem River, 10 minutes to the north, is the other Park Avenue in South Bronx, where more than half the population needs food stamps and children are 20 times more likely to be killed. In the last 30 years, inequality has rocketed in the US -- the American Dream only applies to those with money to lobby politicians for friendly bills on Capitol Hill. Director Alex Gibney Producer Blair Foster Produced by Jigsaw Productions & Steps International Why Poverty? http://www.whypoverty.net/en/video/29/

Who Rules America ?: Wealth, Income, and Power, by G. William Domhoff

Who Rules America ?: Wealth, Income, and Power, by G. William Domhoff
Domhoff has written six updates to Who Rules America?; every edition has been used as a sociology textbook. In 2017, he contributed to Studying the Power Elite: Fifty Years of Who Rules America, a collection of essays and critiques.
This document's URL: http://whorulesamerica.net/power/wealth.html
This document presents details on the wealth and income distributions in the United States, and explains how we use these two distributions as power indicators. The most striking numbers on income inequality will come last, showing the dramatic change in the ratio of the average CEO's paycheck to that of the average factory worker over the past 40 years. First, though, some definitions. Generally speaking, wealth is the value of everything a person or family owns, minus any debts. However, for purposes of studying the wealth distribution, economists define wealth in terms of marketable assets, such as real estate, s…