Robert F. Kennedy Jr. on Current Colonial Economy
on Friday, September 20, 2013Robert F. Kennedy Jr. Money Quotation saying learning from history would be wise and illustrates the same bias toward the rich as colonial times. Robert F. Kennedy Jr. said:
“America today is looking more and more like a colonial economy, with a system increasingly tilted toward enriching the wealthy 1 percent” — Robert F. Kennedy Jr.
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drawing a comparison between the modern U.S. economy and a colonial economy. He seems to be suggesting that wealth is increasingly being concentrated among the very richest 1% of the population, much like how wealth was concentrated in the hands of colonial powers ruling over colonies.
By stating the system is “tilted toward enriching the wealthy 1%”, Kennedy implies policies and economic conditions in America favor the accumulation of wealth and resources by a small elite, rather than benefiting the population broadly as would be expected in a democratic society.
His view is that this unequal and unfair distribution of wealth and opportunity resembles the dynamics of a colonial economy exploited by a distant ruling power for its own benefit, rather than that of the local population.