Posts Tagged ‘economic inequality’

I’m having a tough time with something and I invite anyone to help me understand what’s going on with our economy.

We’ve got high unemployment and rampant under-employment; falling wages; an increasing concentration of wealth and power in fewer and fewer hands; a lack of career opportunities for recent graduates who are crushed under the weight of college loans that could follow them forever; an increase in poverty rates coupled with a decrease in socioeconomic and class mobility; tragically high incarceration rates; and, perhaps most startling, the unwillingness of our politicians to acknowledge what’s going on.

To look at it another way, the purpose of our economy is not to hire workers but to produce goods and services. In fact, if goods and services could be produced without any workers at all it would be just fine. No, it would be better than fine: it would be the best that capitalism has to offer.

But what would happen to all the workers who are no longer needed by the economy? What about their American dreams? Should they just go away or, better yet, die? And with this as a backdrop we hear an endless stream of bullshit flowing from Washington calling for reduced entitlements and a diminished social safety net. Really?

No, the American people need entitlements and they should start with our being entitled to political leaders who have the balls to tell it like it is. The system is broken.

So please, anyone, explain why better days are ahead and that I have it all wrong.

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English: The Seal of the United States Federal...

Today I read in the Huffington Post that the “FBI Investigated ‘Occupy’ As Possible ‘Terrorism’ Threat.” I guess the reason was that the FBI figured that economic inequality, the rallying cry of the Occupy movement, had the potential to disrupt the social order, and that the constitutionally protected right of the people to assemble and demonstrate peaceably has limits.

Now, suppose for a moment that the Occupy Movement did to the economy and to families what the banks and Wall Street firms pulled off when they knowingly sold toxic assets all over the world.  What do you think would have happened to the leaders of the Occupy Movement? Guantanamo comes to mind. Then why the hell aren’t those who actually sold those toxic assets and actually brought the world’s financial system to its damned knees treated like the terrorists they are? Of course I know the answer to that question: Over-the-top greed isn’t bad, but demonstrating against it is.

There is an overarching message in this; the people’s interests don’t matter nearly as much as the interests of those who make money off the peoples’ blood, sweat and tears. Merry Christmas and Happy Holidays.