I have written extensively on the class war that was waged (and is still being waged) by the wealthy and their minions that resulted in the extreme wealth and income gaps we now have. Part of the problem has come from flat out misconceptions that fostered more greed than was strictly necessary. To help understand this I recommend to you this post from the author of “Econned” Yves Smith: The Myth of Maximizing Shareholder Value.
January 24, 2014
How Did We Get Into This Mess?