How did the concentration of American wealth shift to the very richest since the 1960s?

I know it’s more fun to just binge watch all the shows and movies we’ve missed over the past few years, but how about learning something new every now and then? Yesterday I spent a little over an hour watching:

“Requiem for the American Dream” and learned a lot about why we are where we are today.

Leave it to Noam Chomsky, a man in his 90s (!) to clarify things for me. No really, his mind is so much clearer than mine at this point! As this renowned academic and author goes through his “10 principles of concentration of wealth and power” he explains how they have led to a well-planned and carefully executed shift of wealth and power from most Americans to the 1 percenters, leading to unprecedented inequality in our country. See if it doesn’t make sense to you. The hollowing out of the American middle class has made the richest in this country so much richer and left the rest of us behind to blame ourselves and others for our inability to “get ahead.” And then he explains why at least 60% of us can do absolutely nothing about it.

This story does not even include the ultimate consequence of this gigantic shift of wealth, the election of Donald Trump by those who mostly have very little and have only lost more in this shift. Dr. Chomsky explains that problem well too. He shows how the rich can carefully convince those who have lost the most to support a rich man who is only in it for himself.

See this documentary and please give it some thought. It explains quite a bit about where we are now and where we are probably headed as a nation…

Requiem for the American Dream on You Tube

One thought on “How did the concentration of American wealth shift to the very richest since the 1960s?

  1. This sounds fascinating! We have had discussions about this topic, several times in the last few years. Can’t wait to watch it – thank you!

    Like

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