CommonDreams.org: on Corporations


Robert Reich: Almost all post-Recession gains have gone to the top 1%

Five years ago, the Wall Street giant Lehman Brothers collapsed triggering the worst financial crisis since the Great Depression. Today, the divide between the 1% and the 99% is as great as ever. According to one recent study, the top 1% has captured about 95% of the income gains since the recession ended.

"Since the recovery, almost all of the gains have gone to the very, very top. People who are in the top 1% are doing even better than they did before the Great Recession, better than they have done since 1928," says former Labor Secretary Robert Reich. "Most Americans are on a downward escalator. Median wage in the United States, adjusted for inflation, keeps on dropping."

Reich is the focus of the new film, "Inequality for All." In this interview, he also talks about Syria, the second anniversary of Occupy Wall Street on September 17, Obama's healthcare plan and Milton Friedman's connection to the Pinochet dictatorship in Chile

Source: CommonDreams.org "Democracy Now!" interview of Reich Sep 13, 2013

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