Friday, December 30, 2011

Congress In The 70's Vs Today (Wealthier, More Conservative)

A Washington Post report breaks down the growing income inequality between Congressmen and the constituents they represent. The Young Turks host Cenk Uygur shares the details.

Plutonomy: Economic growth that is powered and consumed by the wealthiest upper class of society. Plutonomy refers to a society where the majority of the wealth is controlled by a minority; as such, the economic growth of that society becomes dependent on the fortunes of that same wealthy minority.
Plutocracy: rule by the wealthy, or power provided by wealth. The combination of both plutocracy and oligarchy is called plutocracy. Read more......


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