The bank bailout and the Forbes 400 - World Socialist Web Site
Beyond the total mass of wealth that the rich now control, the most
salient fact revealed in the report is the manner in which this wealth
has been, to use the word loosely, “earned.” As the magazine began its
report, “Thanks to a buoyant stock market, the richest people in the US
just keep getting richer.” A “buoyant stock market”—that is, through
speculation on an historically unprecedented scale, aided and abetted by
the government and the Federal Reserve.
