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 Crisis In Greece

Greece, as the cradle of democracy, is getting no brownie points for actually practicing it. The decision by the Greek government to go back to the people for a mandate for the bailout terms being proposed by the Eurozone seems entirely appropriate. More>>

ALSO:

Stories Of Scoop: Alastair Thompson, Scoop Media & The Cost Of Free Journalism

How does a news organization that cares about authentic journalism and has a mission to effect “positive change” continue to operate in these times of derivative storytelling when advertising dollars are no longer determined by the quality of editorial content? More>>

ALSO:

Gordon Campbell: On The Pope’s Encyclical On Climate Change

The spread of market mechanisms into every facet of life – as health, education and the environment get treated as mere commodities – has seen economic efficiency worshipped in its own right as a totem, and as a substitute for morality. The Laudato Si encyclical issued today by Pope Francis on climate change and the environment goes some away to restoring a sane balance. More>>

ALSO:

Scoop Turns Sixteen: How Scoop's “Ethical Paywall” Model Has Changed Everything

As of this month, a broad range of professional organisations, including constitutional institutions, government agencies & departments, NGOs, Unions, CRIs, law firms, PR agencies, accountancy firms, media organisations, libraries and businesses - all of which make regular use of Scoop in their daily work and for professional research - have joined Scoop’s new “Ethical Paywall” copyright licensing scheme. More>>

ALSO:

Gordon Campbell:
On The Sepp Blatter Resignation

Any initial elation at Sepp Blatter’s resignation as the overlord of FIFA will be tempered by his declared intention to stay on until at least December and possibly March 2016, to enable his successor to be elected. Has FIFA got no existing succession plan that could kick in before this? More>>

ALSO:

Gordon Campbell: On The FIFA Scandal, And Similar Dirty Deal

With the US now investigating FIFA’s racketeering and money-laundering activities and the Swiss also looking at the bribes that went into the choice of Russia and Qatar as upcoming FIFA venues, the capos at FIFA are taking the fall for the boss of all bosses, Sepp Blatter - who has somehow been blissfully unaware of the dirty payoffs and extortion rackets conducted on his watch ... More>>

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news