PHILIP REISS A s my title suggests, I present what most Americans don’t know and those who do know are reluctant to acknowledge. One percent of Americans have wealth exceeding that which seventy-five percent of other Americans have. This miniscule minority obviously possesses privileges the vast majority of Americans lack. This one percent has political … [Read more...] about The Privileged Minority and the Struggling Majority
US Capitalism
A Few Comments on the Origins of Great Wealth
GARY OLSON F. Scott Fitzgerald said, “The rich are very different from you and me,” to which Ernest Hemingway replied, “Yes, they have more money.” Another retort might be a variation on the quote attributed to Honore de Balzac, “The secret behind every great fortune is a great theft.” There are 657 billionaires in the United States whose combined wealth grew more than $1.7 … [Read more...] about A Few Comments on the Origins of Great Wealth
We Must Fight the System, Not Each Other
ELAHEH FARMAND Once a year on our immigration anniversary, my mother and I reflect on our journey from Iran to the United States. In the past, we would celebrate the freedoms we were given in America, embrace the struggles we endured as immigrants to settle in a new home, and learn not only a new language, but also a new way of living, a new culture, a new dream. But if … [Read more...] about We Must Fight the System, Not Each Other