BLOG

How Economic Inequality Inflicts Real Biological Harm

By Robert M. Sapolsky ~ Scientific American ~ The growing gulf between rich and poor inflicts biological damage on bodies and brains Western cultures have long cherished the notion that all people are created equal. But in the real world, our lives are not balanced with equal opportunities and resources. This distinction was noted mordantly in 1894 by author Anatole France, who wrote that “the law, in its majestic equality,…

Read more Leave a comment

A ‘Fundamentally Inhuman’ Economy: 26 Billionaires Own as Much as World’s 3.8 Billion Poorest People

By Jake Johnson ~ Common Dreams ~ While the wealth of billionaires increased by $900 billion last year, or $2.5 billion a day, latest Oxfam report on inequality shows “this bonanza has not been felt by the poorest half of the world, which saw its wealth decline by 11 percent.” With Wall Street titans, tech moguls, and other members of the global financial and political elite set to gather in Davos, Switzerland…

Read more Leave a comment

Capitalist-style wealth gap: 1 tech guy = 1,000,000 teachers

By Paul Buchheit ~ Nation of Change ~ Capitalism is a perfect system for people like this, who care only about making more money than everyone else, and fail to grasp the importance of a healthy, working society. As of 01/20/19, the richest six American tech leaders (Bezos, Gates, Zuckerberg, Ellison, Page, Brin) averaged over $80 billion in net worth. Meanwhile, the 25 million Americans just above the median, many of them teachers,…

Read more Leave a comment

A Dream Deferred: MLK’S Dream of Economic Justice is Far From Reality

By Jessica Pierre ~ Other Words ~ 90 years after King was born, the racial wealth divide is actually growing — which drags down the entire economy. January 15th marked what would’ve been Dr. Martin Luther King’s 90th birthday. Most known for his famous “I Have Dream Speech,” King envisioned a future in which deep racial inequalities — including deep economic inequality — were eradicated. He worked tirelessly towards that mission.…

Read more Leave a comment

Do We Really Need Billionaires?

By Lawrence Wittner ~ Common Dreams ~ According to numerous reports, the world’s billionaires keep increasing in number and, especially, in wealth In March 2018, Forbes reported that it had identified 2,208 billionaires from 72 countries and territories.  Collectively, this group was worth $9.1 trillion, an increase in wealth of 18 percent since the preceding year.  Americans led the way with a record 585 billionaires, followed by mainland China which, despite its professed commitment…

Read more Leave a comment

The Evidence Pours In: Poverty Getting Much Worse in America

By Paul Buchheit ~ Common Dreams ~ Poverty—and the stress of being poor—is killing people every single day A White House report recently proclaimed that the “War on Poverty is largely over and a success.” United Nations Ambassador Nikki Haley said it was “ridiculous for the United Nations to examine poverty in America.” Well-positioned Americans must talk like this, of course, because admitting the debilitating state of poverty in America…

Read more Leave a comment

Business Is One Reason For Economic Inequality – And Also For Equality

By Bill Conerly ~ Forbes ~ Is business a reason for economic inequality, or does business reduce economic inequality? I believe the answer is “Yes.” Private business both increases and decreases inequality, in conjunction with changes in the structure of the economy, technology, social attitudes and public policy. Private business does not definitively determine the distribution of income, but it influences it. (This article is based on my presentation in…

Read more Leave a comment