Unit 8 American Political Economy.docx - Unit 8 American Political Economy o o o o o In the US the top 5 control 72 of the nation\u2019s wealth Wealth

Unit 8 American Political Economy.docx - Unit 8 American...

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Unit 8 American Political Economy-In the US the top 5% control 72% of the nation’s wealth -Wealth: Money in the bank-Income: what you’re paid each year Wealth comes from savings on income-The income that has change from 1979-2004 didn’t matter about the party involved in the gov. -Income inequality based on race, gender and ethnicity Overall women make less than men Income inequality is not even with ethnicity and gender -White men are the most riches which is shown in the chart-One argument is that rich white men are better running business-Gini Index: the gap between the rich and poor is worse than Malaysia and Uganda shown in the -Questions for consideration…?oHow should we think about American democracy in light of these persistant inequalities?oDo citizens have relatively equal chances to influence and control the making of political decision that affect their lives?oIs it enough to define democracy solely in terms of rights and formal procedure?
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