HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » The 1 Percent Now Have Ha... » Reply #4

Response to DonViejo (Original post)

Tue Nov 14, 2017, 11:56 AM

4. From 1970 to the late 1990s an incredible growth in democracies

took place. At that point 60% of all nations were democracies. Since then we've had a democratic recession where many have failed, been taken over by authoritarianism, or are in danger of failing.

There are a number of big factors, but during this period the planet's wealth also quadrupled but became concentrated as unimaginable wealth in the hands of a tiny percentage, and that reality is absolutely huge among them. Even our great, long-established democracy, formerly a model for the planet, is under attack and our institutions deeply infiltrated by those determined to destroy government by the people.

Or perhaps I should say especially our nation, even if it is taking longer. America has close to half of all the planet's new billionaires and those whose wealth is in the hundreds of millions.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Please login to view edit histories.