Wealth disparity widens as elites profit from "summary" of The Money Culture by Michael Lewis
The rich get richer and the poor get poorer. This simple and brutal truth lies at the heart of our economy. In good times, the gap between the haves and the have-nots widens. During bad times, it widens even more. The elites always seem to come out on top, no matter what. They profit from the misfortunes of others, exploiting every opportunity to increase their wealth. As the elites amass more and more riches, the rest of society struggles to make ends meet. The middle class dwindles, while the number of people living in poverty continues to rise. The gap between the top 1% and everyone else has never been wider. The elites have a stranglehold on our economy, using their power and influence to ensure that they continue to profit at the expense of the masses. While the elites revel in their wealth and privilege, the r...
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