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


• 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.


© Scoop Media

Top Scoops Headlines


Werewolf: In A New York Groove

Right now, there’s a thing about downtown Manhattan in the 1970s and ‘80s, a lot of talk about an era that still resonates powerfully. Plenty of people in this city, still walking around and breathing in and out, were very involved in the world below 14th Street. More>>


Keith Ng On Public Address: Why The Police And The PM Are Wrong About Rawshark

On 2 October 2014, the Police raided Nicky Hager’s home... During the search, they found a piece of paper... “We considered [the document] was of interest to the investigation because of information we had already obtained”. That piece of paper was seized and designated NH025... More>>


Gordon Campbell: On Being Accountable, And Holding The Powerful To Account

Don’t know how you feel about it, but the selective unavailability of Ministers and senior public servants to media scrutiny seems to be a growing concern... Yet often and tellingly, they’re not so beyond-radio-contact that they can’t find time to authorise and email a statement unilaterally stating their position. Which indicates that it is the questioning of the party line that they’re choosing to avoid. More>>


Gordon Campbell: On Islam And The Paris Attacks

Presidential contender Ben Carson for instance, wants it to be made illegal for a Muslim to be elected as President of the USA. For the Republican Party at least, freedom of religion in America extends only to tolerating many ways of accepting Jesus Christ as your personal saviour. In reality of course, treating Islamic State as the essence of Islam makes about as much sense as treating the Ku Klux Klan as the essence of Christianity... More>>


Get More From Scoop

Top Scoops
Search Scoop  
Powered by Vodafone
NZ independent news