The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

N.Y. Poverty amidst Champagne

Apr 29, 2013

The so-called recovery in the U.S. has been great for bankers, Wall Street executive bonuses, equity fund capitalists and so forth. But statistics tell a different story for the rest of us.

Current figures show poverty has increased in New York City: In 2011, 46 percent of the city’s population was either poor or struggling to get by.

In the home of Wall Street and the mega-rich, in the city that is supposed to be the citadel of capitalism, almost half the population is struggling!

And this is the best example that capitalism has to offer.