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


  • Orinoco Times staff
    Chavista Grassroots Rebuke Venezuelan Government’s Ambivalent Statement on US-Israeli Aggression Against Iran
    04 Mar 2026
    The difference between the responses to the U.S. and Israeli bombings of Iran by grassroots Chavista organizations and the Venezuelan government demonstrates the importance of people's movements,…
  • Community Movement Builders - Newark
    CMB Newark Statement on the Killing of Wali Bey by Newark Police
    04 Mar 2026
    The media cycle has moved on, but the family of Wali ‘Grillz’ Bey is still waiting for answers after his murder by Newark Police.
  • Stephen Millies
    The War Against Black Workers
    04 Mar 2026
    Black workers built a strong U.S. labor movement. They now endure plant closings, deindustrialization, and low-wage work as a result of neo-liberal policies.
  • Middle East Eye Staff
    At Least 23 Protesters Killed in Pakistan After Killing of Iran's Ayatollah Ali Khamenei
    04 Mar 2026
    Anger erupted across the country, which is home to a large Shia population that viewed Khamenei as their spiritual leader.
  • The Cuban Institute of Friendship with The Peoples
    We Express our Firm Solidarity with the Iranian People: Statement from the ICAP
    04 Mar 2026
    In this statement, the Cuban Institute for Friendship of the Peoples (ICAP) expresses solidarity with Iran and condemns the United States and Israel's attack on that country and clearly states that…
  • Load More
Subscribe
connect with us
about us
contact us