Report: Massive Movement Needed to Fix 'Perverse Concentration of Wealth'

[marmar]

Published on Friday, January 13, 2012 by CommonDreams.org

Report: Massive Movement Needed to Fix 'Perverse Concentration of Wealth'
Honoring Martin Luther King Jr. while perpetuating the racial divide

-CommonDreams staff


Martin Luther King's dream of racial equality is far from reality.

Census Bureau figures show the U.S. on track to be a majority minority nation by 2042. But if the trends of the last 30 years continue, according to a new report, the economic racial divide is set to increase.

The non-partisan group United for a Fair Economy's (UFE) ninth annual MLK Day report, State of the Dream 2012: The Emerging Majority finds that racial economic divide will remain "disastrously large and will threaten the stability of the entire economy."

While the numbers of people of color in the nation surge, this fact alone is not enough to change the economic reality. From the report:

In the age of mass media and Citizens United, money buys influence, and the national income and wealth will remain over-whelmingly in the hands of Whites – a small group of Whites at that.

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The complete piece is at: http://www.commondreams.org/headline/2012/01/13-4

[Louisiana1976]

1. Well said--K&R!

[Starry Messenger]

2. k&r