01-08-2010 - Ready Freddie

01-08-2010 – Ready Freddie

In the year 1984 Forbes , a leading periodical for high finance and big business, drew up a list of the wealthiest individuals in the United States.  The top 400 had assets totaling $60 billion.  At the bottom of the population there were 60 million who had no assets at all.

Around the same time, the economist Lester Thurow estimated that 482 very wealthy individuals controlled (without necessarily owning) over $2,000 billion ($2 trillion).

Consider the influence of such a very rich class – with its inevitable control of press, radio, television, and education – on the thinking of the nation.

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Wondering what has changed? Read about it here.

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8. January 2010, 08:00 Categories: Budapest, Europe