What did William Z. Foster say in 1932 about Income Inequality? Did he describe it the same as Obama and the Democrats? You be the judge. Excerpt from Toward Soviet America, page 220: ............In Chapter I we have seen how deep is the impoverishment of the toiling masses of workers and farmers and how tremendously this is being intensified by the economic crisis. We must, therefore, examine how extensive these impoverished classes are; see, in fact, who owns America, and who has a stake in the revolution. The Labor Fact Book, basing its conclusions upon the report of the Federal Trade Commission, says, The richest 1% of the population in the United States owns at least 59% of the wealth ; the petty capitalists, (12%), own at least 31 % of the wealth; and the great mass of industrial workers, working farmers, and small shop keepers, or 87% of the population, own barely 10%. These figures, constantly developing more favorably for the rich and spelling deepening exploitation, poverty and misery for the poor, show graphically enough who has a real stake in the country and who has not. break: It is among the great masses of the 87% who own only 10% of the national wealth that the revolution will find a sufficiency of forces to overthrow capitalism. Capitalism in this country will learn to its undoing that the producing masses will not tolerate a condition where they are forced to work and starve while the great wealth they produce flows automatically, by the operation of the capitalist system, to still further swell the fortunes of a handful of wealthy social parasites.
Posted on: Sat, 01 Feb 2014 17:05:45 +0000
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