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
  • omnibus

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


  • Raymond Nat Turner, BAR poet-in-residence
    Saturday Mornings
    14 May 2025
    "Saturday Mornings" is the latest from BAR's Poet-in-Residence.
  • Moussa Ibrahim
    How Western Churches Hijacked African Christianity—and How It's Fighting Back
    14 May 2025
    The future of the Christian church on the continent depends on the ability to develop an authentic African Christianity, moving away from its westernized forms.
  • Terri Frick
    Black People, Palestine, and the Maintenance of Empire
    14 May 2025
    Black support for Palestine underscores the fight against empire, revealing how Israel’s violence in Gaza serves U.S. hegemony and white supremacy, with Palestinian freedom as a catalyst for global…
  • Hanna Eid
    Whole Process People's Democracy: The Path Forward
    14 May 2025
    Growing socialist and people's democratic projects, as in China and Bolivia, must be seen as examples of how revolutionary forces in the United States can build a system of governance. 
  • The Cradle News Desk
    US Abandons 'Hamas Disarmament' Demands in Gaza Truce Talks: Report
    14 May 2025
    A reported rift between Trump and Netanyahu continues to widen ahead of the US president's first visit to West Asia since regaining power.
  • Load More
Subscribe
connect with us
about us
contact us