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To the Point

Is America an Oligarchy?

To the Point

KCRW

News

4.4583 Ratings

🗓️ 24 April 2014

⏱️ 52 minutes

🧾️ Download transcript

Summary

One percent of all Americans own 35% percent of the nation's wealth. CEO's are paid more than 300 times what an average US worker makes – and the wealth gap is growing.

Transcript

Click on a timestamp to play from that location

0:00.0

From KCRW in Santa Monica and PRI, Public Radio International, this is To the Point.

0:08.8

America, democracy or oligarchy?

0:14.6

I'm Barbara Bogave sitting in for Warren, only, and this is To the Point from Public Radio International,

0:19.7

a daily look at the issues

0:20.9

Americans care about most. A new study has found that the top 10% of Americans has the

0:26.4

most political influence. Of that group, the top 1% pocketed nearly the entire gains from the

0:32.7

recovery from the financial crisis, yet many pay a lower tax rate than a lot of people

0:37.3

in the middle class.

0:39.0

Is that just capitalism at work?

0:40.9

Has income inequality eroded democracy to a vanishing point?

0:44.8

If our country is indeed controlled by the very few and the very rich,

0:48.4

how do we level the playing field?

0:50.6

Also on today's talking point, the FDA says no more free ride for e-cigarettes and vapors.

0:56.6

First, the news.

1:01.8

Listen to KCRW's 24-hour all-news channel.

1:05.6

Stream BBC World Service, NPRW programs.

1:10.3

Continuous coverage and accessible via our smartphone app or online at KCRW.

1:15.6

.

1:16.6

Support for To the Point comes from the members of KCRW and from the Public Radio International Program Fund.

1:26.6

And we're back with To the Point. I'm Barbara Bow gave in for Warren only. and from the Public Radio International Program Fund.

1:30.7

And we're back with To The Point. I'm Barbara Bow gave in for Warren only.

1:37.0

Just ahead, the infamous 1% of all Americans own 35% of the nation's wealth.

...

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