YouTube Video by CNBC
As explained by CNBC in the notes to this Video:
“For forty years, the U.S.-led global economy has produced an enormous improvement in human welfare. … At the same time, income inequality has surged in countries with advanced economics. Nowhere has it surged more than the United States, where reliance on free-market forces magnifies rewards for those at the top while leaving others behind.”
Why has this happened? This video first gives a thoughtful analysis of several economic causes that have contributed to this growing gap between the super-rich and those who used to be in the Middle Class in America. Then,
Starting at 5.28, the Video presents a good summary of some of the several Government Policies that have favored the rich in this Country at the expense of the Middle Class.
