Dis-Accumulation on a World Scale
Over the past 30 years, wealth has grown exponentially and has become increasingly concentrated foremost in the upper .01%, then the .1%, followed by the 1% and the upper 10%-20%.
The large scale, long-term concentration of wealth has continued through booms and busts of the real economy, the financial and IT crises. Wealth grew despite long-term economic recessions and stagnation because the so-called recovery programs imposed austerity on 80% of the households while transferring public revenues to the rich.
