400 plutocrats in the US now own more wealth than 180 million other Americans
Gar A: The concentration of wealth in this country is astonishing. 400 individuals—you could seat them all on a single airplane—own as much wealth as 60 percent of the rest of the country taken together. I was describing this distribution as “medieval” until a medieval historian set me straight: wealth was far more evenly distributed in the Middle Ages. When you ask where power lies in our system, you are asking who owns the productive assets. And that's the top 1 percent—in fact, the top 1 percent of the 1 percent. It is a feudalistic structure of extreme power. It is anathema to a democracy to have that kind of concentration of wealth. More and more people are beginning to realize the extent and reach of corporate power and the power of those who own the corporations. The Koch brothers get a lot of publicity, but it’s a much wider phenomenon.
You mentioned Martin Luther King, citing some of the quotes I included in the book. This year marks the fiftieth anniversary of his legendary “I Have a Dream” speech at the Lincoln Memorial, and we will be doubtless be hearing a lot about that and Dr. King’s leadership on racial equality and civil rights. I worked with him on neighborhood ownership questions we were looking at in the Senate at the time; and then again, a few years later, when he came out against the Vietnam War. He was also questioning the distribution of wealth, citing the “triple evils” of racism, economic exploitation and militarism. At the end, right before he was assassinated, he even began to talk about changing the economic power structure, even occasionally, using the words “democratic socialism.” In this era of difficulty we would do well to remember Dr. King as a visionary who was beginning to step out beyond the cramped consensus to ask far deeper questions about the nature of America and the possibilities for a different future for this country. That is our challenge today.
Gar S: You argue that it was not politics but circumstance (the Great Depression, followed by WW II) that precipitated the New Deal's progressive change and the country’s post-war economic prosperity. I was surprised by your assessment that an economic collapse on the scale of the Great Depression is no longer likely. Could you explain?
Gar A: Despite the systemic problems a crisis collapse of the scope and scale of the Great Depression is not likely. Here are a few reasons. First, the size of ongoing government spending stabilizing the economy is much, much larger than it was at the time of the Great Depression. Government spending—the floor under the private economy, if you like—was at 11 percent in 1929, now it is roughly 30 to 35 percent of the economy (depending on the year, and whether we are in recession.) The economy may decline rapidly, but the floor is three times higher than it was during the 1930s. Second, today we have built-in economic “stabilizers”—spending that kicks in to help offset the decline when recessions begin to get underway: unemployment insurance, food stamps, and so on. Then there is the sea change in politics. The American public now holds political leaders responsible for making sure the economy works—or at least does not totally fail. There is a heavy political price for any politician who fails to deal with truly massive economic pain. Perhaps most importantly, when push comes to shove, major corporate leaders also support action to counteract truly major economic contractions. You saw it in 2008 and 2009 when business leaders demanded action—including the stimulus plan.
http://truth-out.org/opinion/item/16847-the-next-american-revolution-has-already-begun-gar-smith-interviews-gar-alperovitz
Because of certain economic stabilizers no great depression era changes probable, but lots of pain and unemployment. I guess this is what manufactured poverty looks like... and since it's controllable, sit back and try to survive the austerity ride...
= new reply since forum marked as read
or so I hear. 
DURec
They completely looted our treasury, pensions, overtime, sick leave, paid vacation, and anything else they could get their greedy mitts on during the Bush years - not to mention they stole the presidency. They destroyed education, air traffic controllers, "security", and anything else their greedy mitts touched, off shored our jobs and off shored our wealth so they don't get punished. Fuck them all. No punishment, no outrage, no taxes, nothing. Again, fuck them. 
