The top 1% holds nearly half of the financial wealth, the greatest concentration of wealth of any industrialized nation, more concentrated than at any time since the Depression. In 1980, on average, CEOs earned 42 times the salary of the average worker, and these days they earn about 476 times that salary. Since 1980, the rich have been getting richer fast and furiously and hard-working people in the middle are sliding down the greasy slope who never imagined this could happen to them. The concentration of wealth and power in the hands of a few is the death knell of democracy. No republic in the history of humankind has survived this. The election of 2004 will say something about what happens to ours. The omens are not good.
That's a quote from p. 20 of Homegrown Democrat: A Few Plain Thoughts From the Heart of America by Garrison Keillor. I read it during our get-away trip to the UP. Get yourself a copy or ask to borrow mine.
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