He is the author of A Hard Rain Fell: SDS and Why it Failed (University Press of Mississippi, 2008). American society’s fantastically skewed distribution of wealth stands as one of the main structural fault lines underpinning the Crash of 2008. America’s richest one percent of the population own over forty percent of America’s wealth – exclusive of home ownership – in this, the most opulent society history has ever known. On the other hand, the bottom sixty percent of Americans own approximately one percent of all of America’s wealth.