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    Wealth Vs. Work: How 1% Victimize 99%
    Wealth Vs. Work: How 1% Victimize 99%
    Wealth Vs. Work: How 1% Victimize 99%
    Ebook501 pages7 hours

    Wealth Vs. Work: How 1% Victimize 99%

    By Allan C. Ornstein

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    About this ebook

    Wealth vs. Work: How 1% Victimize 99% is about the vanishing American dream, growing inequality inAmerica, shrinking and struggling middle class, plight of labor and unions, economic decline of the nation, and a broken and unstable world surrounding theU.S. Education is no longer the great equalizer. We are heading toward a world where inherited privilege trumps excellence and meritocracy. Carried far enough, it means the end of striving and the American dream. Few Americans realize or want to admit it.
    Since recorded history, workers have been victimized by the rich and super rich, treated as fungible and disposable. The early warlords and monarchs have been replaced by the titans of industry and masters of the universe on Wall Street. The slaves, peasants and serfs have been replaced by miners, factory workers, and service-sector workers. The GM model of the 1950s and 1960s (that permitted labor to become middle class) has been replaced by the Wal-Mart modelcharacterized by low pay and minimal benefits.

    By 2025, the economic output of China and India may likely each exceed the U.S. Moreover, the U.S. work force is being increasingly displaced by technology and outsourcing. But we are supposed to be the lucky ones! By historical and geographical accident, the U.S. has been spared most of the worlds poverty and misery. Today, however, the U.S. is heading towards a financial oligarchymuch worse than the aristocratic old world that our Founding Fathers feared and tried to avoid.

    Yes, the U.S. had a revolution, but in fact it has a new and more powerful elite because the economic pie has expanded several thousand fold since the yeoman farmers status was compared to the plantation owner. Right now the top 1 percent in the U.S. own nearly 40 percent of the nations wealth; moreover, their investments, capital gains and dividends are taxed at a lower rate than workers salaries. Like all great civilizations that have declined before us, we are a nation that needs to re-examine its ideals and institutions.
    LanguageEnglish
    PublisherAuthorHouse
    Release dateJan 5, 2012
    ISBN9781467033305
    Wealth Vs. Work: How 1% Victimize 99%
    Author

    Allan C. Ornstein

    Allan Ornstein is a professor of education at St. John's University. He is a former Fulbright-Hayes scholar and consultant for more than 60 governmental and educational agencies. Dr. Ornstein is author of more than 55 books and 400 articles. His writings focus on race, class and global issues.

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      Wealth Vs. Work - Allan C. Ornstein

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