Black Agenda Report
Black Agenda Report
News, commentary and analysis from the black left.

  • Home
  • Africa
  • African America
  • Education
  • Environment
  • International
  • Media and Culture
  • Political Economy
  • Radio
  • US Politics
  • War and Empire

Billionaire Wealth Breaks All Records in Crisis
Black Agenda Radio with Margaret Kimberley and Glen Ford
02 Feb 2021
🖨️ Print Article

Margaret Kimberley · Billionaire Wealth Breaks All Records in Crisis

The US billionaire class has grown at unprecedented speed during the pandemic and economic crises, increasing their wealth by over a trillion dollars and adding 46 new oligarchs to their numbers, according to a report by the Institute for Policy Studies. Never has the world seen wealth accumulation at such a scale, said Omar Ocampo, a researcher for the study. “We need to create an economic system that does not allow for wealth tobe extremely concentrated,” said Ocampo. “ This could be done by “growing the labor movement” and instituting “workplace democracy and worker ownership.”

 

Late Stage Capitalism

Related Podcasts

Democrats Deploy “Diversity” to Mask Renewed War and Austerity
Black Agenda Radio with Margaret Kimberley and Glen Ford
Democrats Deploy “Diversity” to Mask Renewed War and Austerity
15 December 2020
The “new regime is just a return to the old regime of endless austerity and war,” said Duboisian scholar Dr Anthony Monteiro, an o
Has Covid-19 Initiated the Final, Fatal Crisis of Capitalism?
Black Agenda Radio with Margaret Kimberley and Glen Ford
Has Covid-19 Initiated the Final, Fatal Crisis of Capitalism?
27 July 2020
The Covid-19-sparkd global economic depression is “a singular event in the history of world capitalism,” said Duboisian scholar Anthon
Reading During “Perfect Storm” of Crisis
Black Agenda Radio with Margaret Kimberley and Glen Ford
Reading During “Perfect Storm” of Crisis
29 June 2020
Medical, economic and political crises have combined to create a “perfect storm for reading, because of the ways that the ideology of whiteness has

More Stories


  • x
    Stevie Wilson
    When I Heard of the Passing of Johanna Fernandez
    04 Aug 2026
    Johanna Fernandez touched many lives through her scholarship, activism, and belief that people themselves can change history and be "the ones we've been waiting for."
  • x
    Craig Mokhiber
    No, Israel does not have ‘a right to exist.’ Quite the contrary, actually.
    04 Aug 2026
    "Unlike the Zionist claim that 'Israel has a right to exist,' my assertion is rooted in international law. Of course, given Israel’s propensity for violating such laws, it’s no surprise they’re still…
  • x
    Black Alliance For Peace
    In Unwavering Solidarity with the African and Anti-Colonial Struggle: A Call for Unified Action Among the U.S. Left
    04 Aug 2026
    The recent report by the U.S. fascist state attacking Cuba and its allies serves as a glaring call for urgent and strategic unity among the broadest sectors of the U.S. left, and all people of…
  • x
    John Perry
    Nicaragua Banned US-Backed Coup Leaders From Elections, and Corporate Media Lost It
    04 Aug 2026
    Nicaraguan President Daniel Ortega stated that when the country's next elections take place, none who promoted a violent anti-government insurrection in 2018 will be allowed to stand for office.…
  • x
    Gary Wilson
    They came to Spain for work. Washington called it an invasion.
    04 Aug 2026
    "Israel and Washington use Ceuta and Melilla to attack Spain for naming the genocide in Gaza. The enclaves are colonial relics. But the powers now raising the issue have no concern for African or…
  • Load More
Subscribe
connect with us
about us
contact us