Even Slaves Had It Better
Inequality in America today is twice as bad as in ancient Rome, worse than it was in Tsarist Russia, Gilded Age America, modern Egypt, Tunisia or Yemen, many banana republics in Latin America, and worse than experienced by slaves in 1774 colonial America.
Nicholas Kristof notes at the New York Times that inequality in the U.S. is worse than it was in apartheid South Africa:
The net worth of the average black household in the United States is $6,314, compared with $110,500 for the average white household, according to 2011 census data. The gap has worsened in the last decade, and the United States now has a greater wealth gap by race than South Africa did during apartheid. (Whites in America on average own almost 18 times as much as blacks; in South Africa in 1970, the ratio was about 15 times.)
Complete story at - Inequality In U.S. Today Is Worse than in Apartheid South Africa or 1774 Slaveholding Colonial America ... and TWICE As Bad As In Ancient Slaveholding Rome Washington's Blog
Inequality in America today is twice as bad as in ancient Rome, worse than it was in Tsarist Russia, Gilded Age America, modern Egypt, Tunisia or Yemen, many banana republics in Latin America, and worse than experienced by slaves in 1774 colonial America.
Nicholas Kristof notes at the New York Times that inequality in the U.S. is worse than it was in apartheid South Africa:
The net worth of the average black household in the United States is $6,314, compared with $110,500 for the average white household, according to 2011 census data. The gap has worsened in the last decade, and the United States now has a greater wealth gap by race than South Africa did during apartheid. (Whites in America on average own almost 18 times as much as blacks; in South Africa in 1970, the ratio was about 15 times.)
Complete story at - Inequality In U.S. Today Is Worse than in Apartheid South Africa or 1774 Slaveholding Colonial America ... and TWICE As Bad As In Ancient Slaveholding Rome Washington's Blog
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