“The nation’s top 1% of households own more than half the nation’s stocks, according to the Federal Reserve. They also control more than $16 trillion in wealth - more than the bottom 90%.”
Europe has solved this Capitalism flaw, that Bill Gates and others have pointed out:
“the revolutionary movement that shook France between 1787 and 1799 and reached its first climax there in 1789. … , the following reasons are commonly adduced: (1) the increasingly prosperous elite of wealthy commoners—merchants, manufacturers, and professionals, often called the bourgeoisie — produced by the 18th century’s economic growth resented its exclusion from political power and positions of honour;” — Encyclopædia Britannica
(March 5, 2006: Citibank had sent a report to it’s best customers. It described the political system in the US as NOT a democracy. It is a Plutonomy. The 1% of the ppl, have to find ways to control the system because the problem they have is that they also control the 1% of the votes. Part 1, Part 2.)
