LAWRENCE S. WITTNER – Many Americans are becoming fed up with economic inequality. Of course, they might be distracted by xenophobia and fear-mongering, which have been promoted assiduously in recent months by pro-corporate politicians. Even so, there are growing indications that Americans favor democracy not only in their politics, but in their economy.
LAWRENCE S. WITTNER – In the supposedly classless society of the United States, the wealthiest Americans are doing remarkably well. According to Forbes, a leading business magazine, the combined wealth of the 400 richest Americans has now reached the staggering total of $2.3 trillion. This gives them an average net worth of $5.7 billion–an increase of 14 percent over the previous year.