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Is American Capitalism Sustainable?
Omar Ocampo, Researcher at the Institute for Policy Studies, questions whether American capitalism is sustainable, given the huge wealth gap. The 813 billionaires in the U.S. hold more than $5.7 trillion in assets, up $2.7B from 2020. These type of holdings can go a long way to self-support the wealth gap by paying some of the 12,000 registered lobbyists in the country, reports Ocampo.
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The post Is American Capitalism Sustainable? appeared first on WORT-FM 89.9.
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By Brian Standing, Haywood Simmons & Michelle Naff, Jan Miyasaki, Tony Castaneda, & Jonathan Zarov
4
22 ratings
Omar Ocampo, Researcher at the Institute for Policy Studies, questions whether American capitalism is sustainable, given the huge wealth gap. The 813 billionaires in the U.S. hold more than $5.7 trillion in assets, up $2.7B from 2020. These type of holdings can go a long way to self-support the wealth gap by paying some of the 12,000 registered lobbyists in the country, reports Ocampo.
Did you enjoy this story? Your funding makes great, local journalism like this possible. Donate here
The post Is American Capitalism Sustainable? appeared first on WORT-FM 89.9.
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