[Fwd: [corp-focus] The Billionaire Mindset and Wealth Inequality]

kelley kwalker2 at gte.net
Thu Aug 17 10:14:25 PDT 2000

forwarded question from another list. doug haven't you written about the conference board on lbo? the article answers her in the basic, but i guess she's looking for more. btw, i sent your question about hardware/software to hacker list and i'll forward replies i get. some may have already posted you offlist.


Does anyone know any more about this Conference Board?


-------- Original Message -------- Subject: [corp-focus] The Billionaire Mindset and Wealth Inequality Date: Wed, 16 Aug 2000 19:39:21 -0400 (EDT) From: Robert Weissman <rob at essential.org> To: corp-focus at venice.essential.org

The Billionaire Mindset and Wealth Inequality By Russell Mokhiber and Robert Weissman

Surely one of the most amusing developments of the 2000 presidential election campaign is the emergence of Billionaires for Bush (or Gore).

With chants and slogans like "Vote for Bush (or Gore) Because Inequality is Not Growing Fast Enough" and "Who needs day care, hire an au pair!" the Billionaires have highlighted not only the big money corruption of politics, but problems of growing income and wealth inequality in the United States.

(For more on the Billionaires for Bush (or Gore), a project of the Boston-based activist group United for a Fair Economy, see www.billionairesforbushorgore.com)

Far less entertaining, but somewhat more surprising is a recent report from the Conference Board that also highlights how the current economic boom times have left low-wage workers behind.

The Conference Board's answers the question in its report title, "Does a Rising Tide Lift All Boats?" with a telling subtitle: "America's Full-Time Working Poor Reap Limited Gains in the New Economy."

The New York-based organization is a business-backed research enterprise best known for its monthly Leading Economic Indicators and Consumer Confidence Index. It is viewed as a dispassionate research agency, not a front group for the corporations that fund it.


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