By John Lawrence
It has finally dawned on the American consciousness that wealth is being concentrated among fewer and fewer people. In fact just 400 Americans own more wealth than the bottom 180 million taken together.
Thomas Piketty in his ground breaking book, Capital in the Twenty-First Century, shows the dynamic behind this dramatic rise in wealth among the upper echelon of society while everyone else, in particular the middle class, is being left in the dust.
It wasn't supposed to happen this way. Labor saving devices and later computers and automation were supposed to create a virtually utopian society in which everyone could work less and have an ever increasing standard of living.
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