Political Revolution

Meet the Extreme Super Rich – These 80 People Own More Than the World’s Poorest 3.6 Billion

Oligarchy is when extreme wealth controls the political process. What’s happening in our country right now? “It’s not a recession, it’s a robbery.”

Meet the Extreme Super Rich – These 80 People Own More Than the World’s Poorest 3.6 Billion

While many oligarchs are extremely wealthy (or have access to extreme wealth), not all people with extreme wealth are oligarchs. The term oligarch is reserved for those with extreme wealth who also want to control the political process, policy levers and most other aspects of the lives of the citizenry in a top-down tyrannical and undemocratic manner.

The reason the wealth of the richest has doubled since 2009 is because it’s not a recession, it’s a robbery. Central bank and government policy have done this, it is no accident.

— Michael Krieger, Occupy.Com

 

About the author

JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She sometimes writes fiction about Chester (the Alpha Bichon) and his friends -- with a dash of humor and dab of Poli-Sci. JoAnn's views and insights are tinted by her past profession in Counseling, Christian theological studies, and Library and Information Science training. Retired now, JoAnn enjoys the creative life.

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