April 25, 2012

First, it is impacting on our politics where the super rich are controlling SuperPACs that, in turn, are dominating elections through extensive and expensive media buys.

Secondly, it is distorting the structure of the economy where a new form of serfdom is trapping millions in debts they will never crawl out of. Third, it is changing the contours of the dominant consumer society.

Economists used to brag about all the choices it offered, but today it is bifurcating into a world of pricey upscale shops versus the 99 cent stores.

That’s the real 1 per cent - 99 per cent divide that sustains the inequality.

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