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The American Empire in a Changing World



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Thursday, August 30, 2012

''Rule by the Rich''

From New Left Project

"Binghamton University professor emeritus James Petras sums up the new growing problem this way in “Canadian Dimension” (April 7, 2011): “The current concentration of wealth exceeds any previous period in history; from King Midas, the Maharajahs, and the Robber Barons to the Silicon Valley–Wall Street moguls.” Petras argues that in most countries, including the United States, the sudden emergence of a large, super-rich class of billionaires has been significantly promoted by nation-states and lower-level governments, conspiring with the wealthiest classes to serve their interests over all others."

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