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Gross Capitalism and Global Exploitation

Gross capitalism

Origins of Money

Rising Wages & Economy

Institutional Discrimination

White Affirmative Action

Source: The PEW Center

Real wages topped out in the late 1970s.

Responses to job losses

Hours Worked

Mergers & Acquisitions

Business response to new job dynamic

Socialized Losses Privatized Gains

State of Current Affairs

Dr. Thomas Shapiro on The Rachel Maddow Show, Brandeis University **Democracy Now!

Households with Zero or Negative Wealth

Personal Debt Crisis

50% 45% 40% 35% 35% 31%

30%
25% 20% 15% 10%

5%
0%

Latino Households
Source: PEW Research Center

African American Households

Median Net Worth of Households

Median Net Worth of Households

$113,149 Whites Latinos Af-Ams

2009

$6,325

$5,677

$0

$50,000

$100,000

$150,000

Median wealth of White households is 18 times of Latino and 20 times that of Black households. This wealth gap is due to historical institutional privileges (White Affirmative Action), not work ethic.
Source: PEW Research Center

Potential Solutions?

National Black Unemployment in the Era of Post-Affirmative Action

Responses to Taxing the Wealthy

Obama has proposed to tax wealthy Americans at the rate of the Average Americans. How do you think people feel about it?

Sources