In America, the rich are getting richer. Isn’t that great? Doesn’t that mean there’s lots more wealth to go round? Or is it good news for the rich but very bad news for the poor?
740 Park Avenue, Manhattan, is one of the most exclusive addresses in the world, home to some of the richest Americans, the 1% of the 1%. Ten minutes to the north, acoss the Harlem River, is the other Park Avenue, in the South Bronx. Here, unemployment runs at 19% and half the population need food stamps.
The American Dream of equal opportunities and hard work says you can be born in the Bronx and end up at 740. But is that dream still true? The film argues the super-rich haven’t just bought the exclusive addresses – they’ve bought the whole system and they’re running it for themselves…
Academy Award-winning filmmaker Alex Gibney (Taxi to the Dark Side, Enron: The Smartest Guys in the Room) presents his take on the gap between rich and poor Americans in Park Avenue: Money, Power and the American Dream. Gibney contends that America’s richest citizens have “rigged the game in their favor,” and created unprecedented inequality in the United States.
Nowhere, Gibney asserts, is this more evident than on Park Avenue in New York. 740 Park in Manhattan is currently home to the highest concentration of billionaires in the country. Across the river, less than five miles away, Park Avenue runs through the South Bronx, home to the poorest congressional district in the United States.
In Park Avenue: Money, Power and the American Dream, Gibney states that while income disparity has always existed in the U.S., it has accelerated sharply over the last 40 years. As of 2010, the 400 richest Americans controlled more wealth than the bottom 50 percent of the populace — 150 million people. In the film, Gibney explains why he believes upward mobility is increasingly out of reach for the poor.
Vir: http://www.whypoverty.net/ in http://www.pbs.org/independentlens/park-avenue/