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Forbes publishes list of 400 richest Americans

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10/16/2006 08:05 AM
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Forbes publishes list of 400 richest Americans
>For the first time in the history of its compilation, the Forbes magazine list of the 400 richest Americans includes only individuals who hold a net worth estimated at over one billion dollars.
Yet it is no paradox that the US should create more and more billionaires even as industrial production declines precipitously, the balance of payments deficit and federal government indebtedness set new records, and the symptoms of looming economic crises are everywhere to be seen. The ruling elite’s ravenous appetite for wealth is itself a manifestation of the long-term decline of American capitalism.<

[link to www.wsws.org]

Hard work and industry has nothing to do with today's richest 0.1 percentile.