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by Lisa Wade, PhD , Dec 26, 2011, at 12:12 pm For the last week of December, we’re re-posting some of our favorite posts from 2011. In this 26-minute talk, philosopher Gerald Allan Cohen offers a wonderfully eloquent critique of capitalism.
Want more charts like these? See our charts on the secrets of the jobless recovery , the richest 1 percent of Americans , and how the superwealthy beat the IRS . A huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244. Note: The 2007 data (the most current) doesn't reflect the impact of the housing market crash.