The United States is in aggregate the richest nation in the world, and in all candor, it really isn’t even that close – despite the fact that China has more than four times the population of the United States, they are still significantly behind America in aggregate wealth, and have quite a ways to go, in order to catch up, if they ever do catch up. Yet, though America is wealthy, that wealth is so top heavy, that as Bernie Sanders so stated, "The wealthiest three families now own more wealth than the bottom half of the country." Additionally, as reported at businessinsider.com, we read that “the average American family has a $748,000 net worth, …but the median net worth is $121,700.” Again, when it comes to median vs. average, a median point is where half of the population is above such a number and half of the population is below such a number – whereas, an average is simply the aggregate number divided by the number of families in the United States. This so indicates, that the distribution of wealth in America, is skewed heavily towards a small elite of Americans, and that there is a significant amount of Americans that really don’t have that much wealth, at all.
So then, what is a fair conclusion about this wealth disparity in America? A fair conclusion, so states, that since America is considered to be the foremost capitalistic nation in the world, as well as also being the biggest proponent and proselytizer of that capitalism throughout the world, that the gross wealth inequality so being experienced in America, clearly reflects that capitalism as so currently practiced in the United States, is fundamentally flawed -- unless the United States desires to state, unequivocally, that such inequality in wealth, is a fair expression of what free enterprise is all about.
In point of fact, the thing that American governance gets so wrong, is the fact that they can’t seem to comprehend that mega corporations, along with the executives that run such, have an abiding desire to ever increase their profits, along with their market share and their stock price – and therefore they consider this to be their foremost calling, above everything else. This means, that mega corporations have a strong tendency to desire to do everything in their power to control markets by, for instance, the consolidation of and the buying up of competitors, as well as to create moats to protect those markets, so that their pathway to more and more profits, is ever secured. This then, is really the prevailing reason as to why there is such a high degree of wealth concentration in America.
In short, as much as America preaches the virtues of capitalism and competition, what we so have, writ large, is capitalism without competition, which therefore provides to those few that are its winners, a lot of wealth – whereas, for those that are on the outside, they suffer from exploitation and a lesser quality of life, in this the richest nation that the world has ever known. The bottom line is this, which is that if the people and this government believes that mega corporations will somehow change their behavior going forward, or self-regulate themselves in a way and manner that is beneficial to the whole of the people, that this then, is an absolute chimera. Only the government, can possibly change the direction of where that wealth is so being distributed, and when that government is ever asleep at the wheel, or is essentially co-opted by those mega corporations, then things will continue along the very course that we are presently on.