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Supreme Court Justice Louis Brandeis once said, "We can have a democratic society or we can have great concentrated wealth in the hands of the few. We cannot have both." What might Brandeis think as he views the current economy? Behind the hoopla of the economic boom, many Americans have actually lost ground. Most households have lower net worth than they did in 1983. To make ends meet workers put in longer hours and have two jobs. Families sink deeper into debt while the top 1% accrue enormous wealth.
Chuck Collins is Co-Director of United for a Fair Economy, the Boston-based organisation which addresses issues of economic inequality. Holly Sklar is a nationally syndicated columnist and author of Chaos or Community? Collins and Sklar are co-authors of Shifting Fortunes.
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