The American economy is perilously fragile. Concentration of wealth is to blame | Robert Reich | The Guardian

"A giant suction pump had by 1929-30 drawn into a few hands an increasing portion of currently produced wealth. As in a poker game where the chips were concentrated in fewer and fewer hands, the other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped."

https://www.theguardian.com/commentisfree/2021/jun/23/american-economy-us-concentration-wealth-blame