cmstanford

Sam Pizzigati, who edits "Too Much: A Commentary on Excess and Inequality," cites this report from the Asian Development Bank as an excellent analysis of why India’s massive “concentration of wealth and influence” could become “a hidden time bomb under India's social fabric.” That intense concentration, says the bank-funded study, is leaving South Asia's biggest nation “vulnerable” to the corruption and oligarchic political pressures that trap developing countries in economic stagnation. India’s 50 billionaires last year reportedly held 80 percent of the nation’s corporate stock. See www.toomuchonline.org