The Rich and the Super-Rich: A Study of the Power Elite in America

Introduction

In his groundbreaking book, "The Rich and the Super-Rich," Ferdinand Lundberg offers a scathing critique of the American economic system and the concentration of wealth in the hands of a few powerful individuals. Lundberg argues that the super-rich have amassed their fortunes through a combination of exploitation, manipulation, and political influence, and that their wealth has come at the expense of the working class and the poor.

The Concentration of Wealth

Lundberg begins by documenting the staggering concentration of wealth in America. He shows that the top 1% of the population owns more than 40% of the nation's wealth, while the bottom 90% owns just 20%. This inequality is even more pronounced when it comes to the super-rich, who own a disproportionate share of the nation's wealth.

The Power of the Super-Rich

Lundberg argues that the super-rich use their wealth to exert enormous power over the American economy and political system. They control the major corporations, banks, and media outlets, and they use their influence to shape public policy in their favor. This power has allowed the super-rich to accumulate even more wealth, while the rest of the population has suffered.

The Exploitation of the Working Class

Lundberg also examines the ways in which the super-rich exploit the working class. He shows that the super-rich have used their power to suppress wages, increase worker productivity, and reduce benefits. This has led to a decline in the standard of living for the working class, while the super-rich have continued to prosper.

The Political Influence of the Super-Rich

Lundberg argues that the super-rich have also used their wealth to influence the political system in their favor. They have lobbied for policies that benefit their interests, and they have funded political campaigns and think tanks that promote their views. This has led to a political system that is rigged in favor of the super-rich, and that does not represent the interests of the majority of Americans.

The Future of America

Lundberg concludes by warning that the concentration of wealth in the hands of the super-rich is a threat to American democracy. He argues that the super-rich are using their power to undermine the middle class and the poor, and that they are creating a society that is increasingly divided and unequal. Lundberg calls for a more progressive tax system, stronger regulation of the financial industry, and a renewed commitment to social justice.

Why You Should Read This Book

"The Rich and the Super-Rich" is a must-read for anyone who wants to understand the American economic system and the concentration of wealth in the hands of a few powerful individuals. Lundberg's book is a powerful indictment of the super-rich and their influence on American society. It is a call to action for all those who believe in a more just and equitable society.

Conclusion

"The Rich and the Super-Rich" is a powerful and provocative book that will change the way you think about the American economy. It is a must-read for anyone who cares about the future of America.