Beware, fellow plutocrats, the pitchforks are coming: Nick Hanauer

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Nick Hanauer, venture capitalist and author

An unrepentant capitalist and rich guy, Nick Hanauer has something to say to his fellow plutocrats: Wake up! Growing inequality is about to push our societies into conditions resembling pre-revolutionary France. Hear his argument about why a dramatic increase in minimum wage could grow the middle class, deliver economic prosperity … and prevent a revolution. (Video)

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Carlos Slim Helu Becomes World’s Richest Man Pulling Ahead of Bill Gates

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Carlos Slim Helu becomes world’s wealthiest man

The world has a new richest man for the third time in three years, . Riding surging prices of his various telecom holdings, including giant mobile outfit America Movil (AMX), Mexican tycoon Carlos Slim Helu has beaten out Americans Bill Gates and Warren Buffett to become the wealthiest person on earth and nab the top spot on the 2010 Forbes list of the World’s Billionaires.

 

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