78% of Americans think social innequality too rampant

Global survey reveals growing anger over social inequality
By Bill Van Auken - World Socialist Website
20 May 2008

The unprecedented accumulation of wealth by a narrow financial elite under conditions of declining real incomes for the vast majority of the world’s population is creating mounting discontent and anger.

This is the significance of a poll conducted across Europe, Asia and the United States by the Financial Times of London and the Harris polling firm.

“Income inequality has emerged as a highly contentious political issue in many countries as the latest wave of globalization has created a ‘superclass’ of rich people,” the Financial Times commented in relation to the poll results, which were published Monday.

The FT/Harris poll found overwhelming majorities throughout Europe expressing the view that the social chasm between the financial elite and the rest of the population has grown too large. In Spain, for example, 76 percent said that social inequality had grown too great, while in Germany the figure was 87 percent.

In China, which has become the low-wage manufacturing center of the world, subjecting millions of workers to exploitation while producing a new class of billionaires and multi-millionaires, 80 percent said that inequality in income was too great.

In the United States, the most socially unequal of the advanced capitalist countries, those who believe the gap has grown too wide are 78 percent.
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