Criticism of call it what you want, plutocracy, unfettered capitalism does NOT imply communism, but it does mean travesty (mocking ) of democracy.
Can democracy produce these statistics?
The top 1% of the American population averages $15 million in net worth. Middle class holdings are $81,000. 30% of households have less than $10,000 in holdings, and 17% of households have a negative net worth. And this is said to be the wealthiest nation on earth!
Source of the statistics and worth reading
http://www.informationclearinghouse.info/article15000.htm
2006-09-19
21:30:00
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