“A positive feedback loop is in full force, resulting in a growing divide between the middle and lower classes and the very rich, a system wherein the richest 1 percent of households owns 32 percent of aggregate household wealth.”
No paywalls. No ads. Just news.
We're going ad-free to make your Prospect experience even better.
Can you chip in to support independent media?

Get the latest stories from the Prospect delivered right to your inbox for the in-depth analysis you need.

Get the latest stories from the Prospect delivered right to your inbox for the in-depth analysis you need.
“A positive feedback loop is in full force, resulting in a growing divide between the middle and lower classes and the very rich, a system wherein the richest 1 percent of households owns 32 percent of aggregate household wealth.”