Op-Ed: Moyers —The Biggest Story of Our Time
Bill Moyers: The growth of inequality in this country is the biggest story of our time. The "have-nots" now have less than they ever did. The "have-it-alls" now have more than they ever did. Since 1979, 40 percent of the growth of income has gone to one percent of the population. This is changing us radically.
You go back to the last part of the 19th century, the first gilded age. We're living in the second gilded age. The first gilded age, the industrial revolution, released enormous wealth at the top and excruciating misery at the bottom. It took the populist movement, the progressive movement, finally leading into the New Deal and the Fair Deal, before we began to correct those imbalances.
It's Not Money Anymore.
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