Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


How Does the 1 Percent Exploit America? Find Out in 1 Minute

How Does the 1 Percent Exploit America? Find Out in One Minute (Video)

by Robert Greenwald, Brave New Foundation
17 February 2012

Even in an Occupy world, most Americans don’t know exactly how the 1% does what it does. The mainstream media hasn’t explained it, and the 1% likes things that way.

That’s why we’ve created a new video series unmasking those in the 1% who are exploiting the 99%—name by name, fact by fact. Each short video—one minute apiece—lays out the truth about a different tycoon. These aren’t opinions; these are facts, condensed into bite-sized chunks. Occupy has already revealed the country’s widespread outrage at the 1%; now it’s time for the plutocracy’s dirty deeds to be common knowledge.

The best part? Brave New Foundation’s audience chose the people we’re highlighting. We solicited suggestions on nominees, narrowed them down to 30, and let our audience vote on which ones they thought deserved to be exposed. The new videos represent five of the top vote-getters, with more videos below for the rest. Here’s one:

Rob Walton, Chairman of Walmart

Of course, the 1% would like to keep its activities shrouded in secrecy. Hiding behind complicated phraseology like “collateralized debt obligation” makes it hard for the public to bust you. But you don’t have to be a financier to understand how these guys operate. Our first set of videos (below) gives it straight on Rob Walton of Walmart, Lloyd Blankfein of Goldman Sachs, Pete Peterson of the Blackstone Group, Jamie Dimon of JPMorgan Chase, and Rupert Murdoch of News Corp.

Little by little, the 99% is chipping away at the 1%’s power. Watch the video series to get the basics on how that power is being wielded.

Lloyd Blankfein, Goldman Sachs

Pete Peterson, Co-Founder of the Blackstone Group

Jamie Dimon, CEO of JPMorgan Chase

Rupert Murdoch, President of News Corp

KNOW THE FACTS

• In just the last generation, the richest 1% almost quadrupled their incomes.
• The average wealth of the 1% is 225 times bigger than the wealth of the typical household – the highest it’s ever been.
• Three decades ago, CEOs made about 40 times as much as an average worker – now CEOs make almost 200 times as much as regular employees.
• Last year, half of Americans earned less than $26,000 while CEOs at top 500 companies raked in an average of $11 million.
• Over the past decade, earnings for middle-class Americans actually fell. In fact, working Americans’ wages are now a lower percentage of our economy than they’ve ever been.
• The divide between the richest and the poorest is worse in America than it is in nearly all of Europe and Asia and much of Africa. It’s about as bad as in Rwanda and Serbia – and it’s bad for our economy.
• The 1% is not an accident – it is the result of policies our government chose to pursue.

ENDS

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Gordon Campbell: On The Latest Allegations Against Helen Clark

According to former PM and UNDP leader current Helen Clark, the allegations leveled at her this week in a Foreign Policy magazine article by the prize-winning UN journalist Colum Lynch have been ‘totally fabricated’. Hmmm. That would be very, very surprising. More>>

Letter From The Editor: The State Of Scoop

Gordon Campbell: The PledgeMe campaign currently being run by the Scoop Foundation does provide a useful opportunity to update you on what gets done with your money. Further down the track, other documents will set out what we plan to do, resources permitting. For now, lets stick with the practical nuts and bolts. More>>

ALSO:

Gordon Campbell: On The Rise Of The Far Right (And Battle Bots)

In his victory speech at the Cannes film festival this week, the British film director Ken Loach [pictued] warned that the rise of far right parties in Europe was being fuelled by the economic policies of austerity, and manifested in a welfare bureaucracy that systematically denies assistance to those in most need. More>>

Julienne Molineaux: Stuff-Me - The Newspaper Gobble-Up

In New Zealand, concentration of newspaper ownership via mergers and acquisitions has a long pre-digital history. The trends of declining readership and fragmented audiences began before digital content, and mergers and acquisitions proceeded apace, enabled by weak legislative protections. More>>

ALSO:

Scoop Foundation Membership Drive:

The Scoop Foundation: The best chance to create an independent guardian for public interest journalism in NZ

The Scoop Foundation is seeking public support to safeguard the future of public interest journalism in New Zealand. To ensure public access to comprehensive, free, timely news is maintained during this dark hour for journalism. And to provide every voice in NZ the opportunity to be heard in the national debate. More>>
PLEDGE NOW: Journalism: A New Model - The 2016 Scoop Foundation Membership Drive

Scoop Foundation Timeline:

Gordon Campbell: On Trump And The Madman Theory

Years ago, Richard Nixon explained to his chief adviser Bob Haldeman what has since become known as the “Madman Theory” of foreign policy. Basically, if America’s rivals could be reminded that Nixon was an unstable, rabid anti-Communist with his finger on the nuclear trigger, Nixon reasoned, then maybe they’d be less willing to challenge the US in the world’s hot spots… More>>

Australia And The South China Sea: Another Foreign Policy Blunder Looming

James O’Neill: The overblown rhetoric from the United States has led at least one commentator to describe so-called ‘analyses’ of the South China Sea situation as “the biggest load of analytical rubbish about South East Asia to emerge since the CIA mistook bee feces for a Soviet-supplied biological weapon in 1981.” More>>

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news