Thursday, December 29, 2011

Congress In The 70's Vs Today (Wealthier, More Conservative)


A Washington Post report breaks down the growing income inequality between Congressmen and the constituents they represent. The Young Turks host Cenk Uygur shares the details.


Plutonomy: Economic growth that is powered and consumed by the wealthiest upper class of society. Plutonomy refers to a society where the majority of the wealth is controlled by a minority; as such, the economic growth of that society becomes dependent on the fortunes of that same wealthy minority.
Plutocracy: rule by the wealthy, or power provided by wealth. The combination of both plutocracy and oligarchy is called plutocracy. Read more......

No comments:

Post a Comment