The New Dark Age

'Socialism or Barbarism'

November 30, 2011

Video: The Super Committee and the Attack on Labor By Michael Hudson

29 November 2011 — Michael Hudson

Michael Hudson: Austerity and recession used to lower wages

Capitalism, USA, Videos

recession, Video

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The richest 1% owns more than TWICE as much wealth as 6.9 billion people and the super-rich one percent of the world’s population has accumulated twice as much wealth as the remaining 90 percent, global charity Oxfam said in a newly-released report. The world’s richest 1% emit double the carbon of the poorest 50%, the 2020 Oxfam study found.

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Video: The Super Committee and the Attack on Labor By Michael Hudson

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