Salon.com > Gerald Friedman http://www.salon.com Mon, 20 May 2013 14:17:13 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Capitalism’s great heist http://www.salon.com/2012/07/10/the_great_capitalist_heist_salpart/ http://www.salon.com/2012/07/10/the_great_capitalist_heist_salpart/#comments Tue, 10 Jul 2012 14:00:00 +0000 http://www.origin.railrode.net/?p=12954579 Editor's Note: When harmful beliefs plague a population, you can bet that the 1% is benefiting. This article is the first in a new AlterNet series, "Capitalism Unmasked," edited by Lynn Parramore and produced in partnership with author Douglas Smith and Econ4 to expose the myths and lies of unbridled capitalism and show the way to a better future. 

Summer 2009. Unemployment is soaring. Across America, millions of terrified people are facing foreclosure and getting kicked to the curb. Meanwhile in sunny California, the hotel-heiress Paris Hilton is investing $350,000 of her $100 million fortune in a two-story house for her dogs. A Pepto Bismol-colored replica of Paris’ own Beverly Hills home, the backyard doghouse provides her precious pooches with two floors of luxury living, complete with abundant closet space and central air.

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