By reading this koob, you will learn why inequality and poverty will never be solved by the one-percent’s private initiatives to boost opportunity.
You will also discover that:
The top 10% of humanity has captured 85% of the world’s wealth;
Middle and low-class Americans are worse off than their parents;
Neoliberalism has pushed finance to the economic forefront;
Financial institutions are part of the problem, not the solution;
Startup culture contributes to eroding hard-fought labor rights;
Motivational public speakers pat the rich on the back and avoid talking about inequality;
The Sackler family orchestrated the opioid crisis, yet is still regarded as honorable and charitable;
More and more people are embracing nationalist movements in reaction to globalization.
The idea that successful entrepreneurs can positively contribute to changing the world through their private investments and philanthropy is a relatively new one. But the neoliberal agenda of reduced government and free private enterprise has only contributed to one thing: making the large share of the nation’s wealth going into the hands of the top 1 to 10% even larger. Instead of asking Silicon Valley billionaires and Wall Street brokers to donate more and create grants and funds, we should face reality: our problems of inequality and redistribution are caused, not solved, by the ultra-rich. If you really want to “make the world a better place” you should start by taking a long, hard look at how this fraction of the population made their wealth in the first place.