• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About
    • Our Mission
      • Political Islam
    • Areas of Expertise
      • Economic Warfare
        • Cyber Security
      • U.S. Policy
      • Anti-Corruption
      • Foreign Election Observing
      • Supporting Free Speech
        • Legislation
      • Impact of ACD’s Work
      • Free Speech Celebration, U.S. Senate
    • Board of Directors & Advisors
    • Our Team
    • Contact Us
    • Subscribe
  • Our Impact
    • Endorsements
    • Additional Praise
  • Media
    • Recent Interviews
    • Events
      • Coming Events
    • Radio
    • Television
    • Rumble / Youtube
  • Publications
    • All Posts Archive
    • ACD Presentations
    • Articles
    • Books
    • Papers
    • Recommended Readings
  • Free Speech
    • Legislation & Support
    • Impact of ACD’s Work
      • FREE SPEECH Act Celebration, U.S. Senate, September 20, 2010
      • Some Congressional Testimonies
  • Economic warfare
    • The Impact of Purposeful Interference on U.S. Cyber Interests
    • Cyber/Space, EMP Insecurity- Current and Future Threats
    • The Existential EMP Threat
    • New Strategies to Secure U.S. Economy from Cyber Attacks
    • Economic Warfare Subversions July 9, 2012
    • CyberSpace Security – Papers And Articles
    • Cyber Security
    • Da’esh “lite” North America Islamist – Sources
    • The Muslim Brotherhood and Da’esh “Lite” in North America
  • Support ACD
    • Donate
    • Subscribe
    • Contact
American Center for Democracy

American Center for Democracy

  • facebook
  • twitter
  • youtube
  • linkedin
  • Free Speech
  • U.S. Policy
    • U.S. Foreign Policy
  • Political Islam
    • Canada
    • Hamas
    • Iran
    • Islam
    • Muslim Brotherhood
    • Palestinian
    • United States
  • Narco-Terrorism
  • Middle East Conflicts
    • Iran
    • Israel
  • Global Conflicts
    • China
    • North Korea
    • Russia
    • Ukraine
  • Soros
You are here: Home / Latest News / Inequality Threatens Civilization

Inequality Threatens Civilization

February 3, 2019 by Norman A. Bailey*

Expanding capital ownership is the most urgent task faced by Western governments today.

The downfall of all the great civilizations has often been credited to external forces, such as the barbarian tribes that overran the western half of the Roman Empire in the fifth century CE. In fact, such external forces are always facilitated and preceded by internal social, political and economic rot.

There can be no doubt that Western Civilization is currently threatened by external forces, including but not limited to Islamic extremism. But following historical precedent such threats would be of limited significance or even non-existent barring the precipitous decline in its major centers in Europe and the Western Hemisphere of civil discourse, classical education, the traditional family and political moderation, leading to populist movements of the left and the right, the most recent of which is currently raging in France (the “gilets jaunes”).

I would argue, however, that the single most significant manifestation of this phenomenon is the obscene concentration of wealth in the West (“wealth” defined as income-producing assets). A report for the recent gathering of the rich and powerful in Davos, Switzerland makes the startling statement (quoting an Oxfam study) that the combined wealth of the richest 26 individuals in the world has reached $1.4 trillion. This means that those 26 individuals control the same amount of wealth as the world’s 3.8 billion poorest people!

To paraphrase American economist Herbert Stein, if something is not sustainable, it will not be sustained. That is certainly the case here. There is nothing more urgent than for the governments of the West to take immediate and effective measures to expand capital ownership among their populations. I was appointed by President Reagan to Task Force on Expanded Capital Ownership. the Task Force’s final report recommended the passage of a “Capital Homesteading Act”, mimicking the Homestead Act passed during the 1860’s which opened up the American west to the landless and thus wealth-deficient masses of the east coast, an immensely popular and highly successful measure. Unfortunately, nothing was done to implement the recommendation.

There are many ways ownership of wealth can be expanded, such as cooperatives, employee stock ownership plans, community investment trusts, and others. Israel is not immune to the phenomenon of wealth concentration, although the structure of the Israeli economy is such that elements of the solution – such as many cooperatives and employee ownership plans – are in place. Community investment trusts should also be promoted, based on ethnic groupings or geographic locations (cities or regions).

The task is urgent and the time is now!

*Norman A. Bailey, Ph.D., is Professor of Economics and National Security, The National Security Studies Center, University of Haifa, and Adjunct Professor of Economic Statecraft, The Institute of World Politics, Washington DC. He was formerly with the US National Security Council and the Office of the Director of National Intelligence.

*Published by Globes, on January 31, 2019

Filed Under: Latest News Tagged With: capital ownership, Inequality, Westren civilazsation

Primary Sidebar

Spotlight

website capture islamist incitement quote by j.woolsey obama signing Rachel's law chemical terrorism transportation terrorism nuclear threats on the rise winning the cyberwar gps concepts and misconceptions libel tourism

Search ACD

Recent Appearances

[5/1/2025] National Talk Radio with Shawn Moore

[3/11/2025] Shaun Thompson Interview

[3/10/2025] Larry Conners Interviews Rachel Ehrenfeld

[2/3/2025] The Truth About George Soros - Grey Matter Podcast

[1/22/2025] Fighting Terrorism Funding - SAM Podcast

[1/8/2025] COUNTER NARRATIVE Interview on PATRIOT.TV

[10/2/2024] The Shaun Thompson Show: Dr. Rachel Ehrenfeld

[9/30/2024] Counter Narrative: Soros Power Grab: Media Takeover & Election Manipulation |

[8/28/2024] SOS Blinken warns U.S. allies that Iran may attack Israel in the next 24-48hrs

[8/9/2024] Purham & Associates Show Special Guest: Rachel Ehrenfeld

[7/26/2024] Dr. Ehrenfeld on The Andy Caldwell Show

[6/12/2024] Dr. Ehrenfeld on The Shaun Thompson Show

[5/29/2024] Interview on Bill Martinez Live

[5/24/2024] CAEF presents "Soros is No Dreyfus: The Soros Agenda to Change America & his Anti-Israel Crusade"

[5/16/2024] Dr. Rachel Ehrenfeld on Jayne Carol Tonight - Portland, OR

[5/9/2024] How deep do the Soros ties go?

[5/6/2024] Dr. Rachel Ehrenfeld: The College Intifada-How Jew Hunting Became a Left Wing Blood Sport On Campus

[4/15/2024] Dr. Rachel Ehrenfeld on The Vic Poricini Show

[4/11/2024] The Andy Caldwell Show

[4/10/2024] Always Right Radio with Bob Frantz

[4/3/2024] Kacee Allen & Rachel Ehrenfeld - The Pelle Neroth Taylor Show

[3/12/2024] Rachel Ehrenfeld | Gunther Rewind - Podcast on iHeart Radio

[2/18/2024] תעלומת ג'ורג' סורוס ותרומתו למאבק נגד ישראל - פוקוס על אמריקה - Podcast on Spotify

תעלומת ג'ורג' סורוס ותרומתו למאבק נגד ישראל - פוקוס על אמריקה | Podcast on Spotify

[2/7/2024] Are We in World War III and Don't Know It? - Laura-Lynn Tyler Thompson

[1/23/2024] The Chris Smith Show - TNTRADIO.LIVE

[1/22/2024] 'Soros Agenda' Author Warns That Global Elites Could Steal '24 Election - One America News

[1/12/2024] Stacy Washington NOW Rachel on from 24:10 – 31:46.

[12/23/2023] Propagaza – Laura-Lynn Tyler Thompson

View ALL

The Soros Agenda

g. soros

Soros: The Man Who Would Be Kingmaker, Part I

Rachel Ehrenfeld & Shawn Macomber

Soros: The Man Who Would Be Kingmaker, Part II

Soros: The Man Who Would be Kingmaker, Part III

Soros: The Man Who Would be Kingmaker, Part IV

More about Soros...
ORDER THE SOROS AGENDA →
Buy The Soros Agenda

Tags

antisemitism Caliphate Canada capital punishment China Christians Daniel Haqiqatjou Dawah Disinformation genocide Hamas Iran ISIS Islam Islamic Party of Ontario Islamic Relief Canada Islamic Relief Worldwide Islamization Islamophobia Israel J. Millard Burr Jews jihad Justin Trudeau LGBT liberalism Muslim Brotherhood Muslims NCCM Norman Bailey Palestine Political Islam Quran Russia Salaheddin Islamic Centre Saudi Arabia Sharia Sol W. Sanders SOROS Syria Terrorism Toronto US USA women's rights

Footer

About ACD

ACD is a New York-based 501(c)(3) not-for-profit organization, which monitors and exposes the enemies of freedom and their modus operandi, and explores pragmatic ways to counteract their methods.

Endorsements

"The ACD/EWI ability to predict future threats is second to none"

- R. James Woolsey, former Director of Central Intelligence

- - - More Endorsements - - -

Follow ACD!

  • facebook
  • twitter
  • youtube
  • linkedin

Copyright © 2025 | The American Center for Democracy is a 501(c)(3) non-profit organization. Your contribution is tax-deductible to the fullest extent of the law.