Tag: concentration of wealth

Lust for Profit is Out of Control

PETER BERGEL: $700 billion is a number that rings a bell for most Americans these days. It was the first installment U.S. taxpayers were forced to pony up for Wall Street to “stimulate” the economy. But, according to analyst Don Monkrude, that sum is also, coincidentally, the amount by which the 400 richest Americans increased their net worth during the Bush years.