This is why Mr Obama calling inequality the “defining issue of our time” has moral resonance. It has nothing to do with the rabble envying Sub-Zero refrigerators. It is not about the iPhone/cheapo-cell phone gap. Inequality is problematic not because it makes some people jealous of others but because it effectively locks millions of people out of opportunities to improve their lives. Ms Anderson put it well: “To live in a low-crime, orderly, unpolluted neighborhood, free of run-down and abandoned property, graffiti-marred buildings, open drug dealing, prostitution, and gangs; to have access to public parks where one’s children can safely play, to well-maintained sidewalks and roads, to schools that offer an education good enough to qualify one for more than menial, dead-end jobs: how many cell phones and athletic shoes is that worth?”
In The Economist. Go figure.
… every group finds itself facing criticism, and ends up on the losing side of policy disputes, somewhere along the way; that’s democracy. The question is what happens next. Normal people take it in stride; even if they’re angry and bitter over political setbacks, they don’t cry persecution, compare their critics to Nazis and insist that the world revolves around their hurt feelings. But the rich are different from you and me.
Bill Moyers on Dark Money, the Attack on Voting Rights & How Racism Stills Drives Our Politics
Published on Jan 27, 2014
http://www.democracynow.org - Legendary broadcaster Bill Moyers joins us to discuss his latest investigation which explores how the influence of large, untraceable political donations known as “dark money” have become the greatest threat to democracy in the United States. In “State of Conflict: North Carolina,” Moyers and his team explore how wealthy right-wing donors are greatly influencing state politics. “This is more than North Carolina,” Moyers says. “It’s a harbinger of how organized money is the greatest threat to democracy because it unbalances of equilibrium. Democracy is suppose to check the excesses of private power and private greed and if money disestablishes that equilibrium we’re in trouble.” Moyers, the host of “Moyers & Company,” also talks about the long fight to secure voting rights. Fifty years ago, he was serving in President Lyndon B. Johnson’s administration at the time of the “Freedom Summer” campaign in 1964 and the formation of the Mississippi Freedom Democratic Party. Moyers has won more than 30 Emmy Awards. He also was a founding organizer of the Peace Corps, served as press secretary for President Lyndon Johnson, and was a publisher of Newsday and senior correspondent for CBS News.
Democracy Now!, is an independent global news hour that airs weekdays on 1,200+ TV and radio stations Monday through Friday. Watch our livestream 8-9am ET at http://www.democracynow.org.
Please consider supporting independent media by making a donation to Democracy Now! today, visit http://owl.li/ruJ5Q.
FOLLOW DEMOCRACY NOW! ONLINE:
Subscribe on YouTube: http://www.youtube.com/democracynow
Listen on SoundCloud: http://www.soundcloud.com/democracynow
Daily Email News Digest: http://www.democracynow.org/subscribe
We take it more or less rightly as a given that people in finance will have generally right-leaning politics - low taxes, tight money, lax regulatory regimes. Basically traditional money Republicanism. But over the last few years (since 2008), I think there’s been a pretty dramatic growth in what we’d call Tea Party politics in that set - extreme conservatism that goes beyond hands off fiscal and regulatory policy, the kind of feverish mindset in which you could write with a straight face that progressives might be building toward some sort of mass wealth confiscation or internment or even extermination for the likes of Tom Perkins. It’s a problem. And Perkins is just getting our attention because his self-censor and/or editor failed him so miserably.
@NYTimesKrugman hits it out of the park. Why don’t we have a guy like this up here?
Freedom Industries — the folks who poisoned West Virginia’s water supplies with a chemical leak — just filed for bankruptcy.
Suck it, union haters.
Poor people, especially those of colour, are worth nothing to corporations and private contractors if they are on the street. In jails and prisons, however, they each can generate corporate revenues of $30,000 to $40,000 a year.
“Washington gridlock helps the super-rich stay rich, and get richer,” says Thomas Volscho, a sociologist at the City University of New York and one of the authors of the study. “And the richer they get, the more the gridlock actually helps them.”
The researchers looked back over 70 years of data, and found that the more dysfunctional Washington is, the bigger the share of the pie the top one percent tends to grab. And most importantly, they also found that when economic inequality is high, the kind of polarization and gridlock that have been the hallmark of Washington since Barack Obama’s election make legislative efforts to change course all-but-impossible.
So the apparatus of government is designed to reinforce the status quo, especially when that status quo already favours the 1 per cent. Who knew?