Inequality

To Fight Coronavirus, Fight Poverty

March 21, 2020 By Kait Ziegler, Otherwords.org Create! Coronavirus COVID-19, Ideology, Inequality

As Americans do everything they can to stay safe and limit their exposure to COVID-19, we are seeing more clearly the great divides in our society. While the virus doesn’t discriminate, we are seeing that its impacts certainly do. In a pandemic, there’s a huge difference between having health care and not having it, between getting paid sick time off work and not, and having access to clean water and housing and lacking it.

The Socialist Specter In Present-Day US Politics

March 20, 2020 Victor Wallis, Counterpunch.org Educate! Ideology, Inequality, Socialism

The US political scene is haunted by talk of socialism. The basis for this has been developing now for some years, especially since the financial meltdown of 2008, which many came to see as decisive proof that a capitalist economy does not serve the majority. But how does this new mass perception express itself? On the one hand, there is wide recognition of the grotesque level of inequality, as expressed in the slogan...

Coronavirus And The ‘Shock Doctrine’

March 20, 2020 By Sam Pizzigati and Sarah Anderson, Otherwords.org Strategize! Coronavirus COVID-19, Inequality, Pandemic, Recession

In times of crisis like the current coronavirus pandemic, these sorts of calls for cooperation become the drumbeat of our daily lives. Unfortunately, no drumbeat ever gets everybody marching in sync. In deeply unequal societies like our own, a wealthy few can exploit such catastrophes to make themselves even wealthier. Back in 2007, Naomi Klein explored this phenomenon brilliantly in her landmark book The Shock Doctrine.

Does The Coronavirus Crisis Have To End With A Wealthier Wealthy?

March 17, 2020 By Sarah Anderson and Sam Pizzigati, Inequality.org Strategize! Coronavirus, COVID-19, Inequality

In times of crisis — the current coronavirus pandemic, for instance — these sorts of calls for cooperation become the drumbeat of our daily lives. And most all of us march to that drumbeat because we understand that we do need to cooperate and help each other when crises crash down upon us.

Six Quick—But Very Important—Points About Coronavirus And Poverty In The US

March 12, 2020 By Bill Quigley, Commondreams.org Educate! Coronavirus, COVID-19, Inequality, Poverty

In the United States, tens of millions of people are at a much greater risk of getting sick from the coronavirus than others. The most vulnerable among us do not have the option to comply with suggestions to stay home from work or work remotely. Most low wage workers do not have any paid sick days and cannot do their work from home.

Wage Inequality Continues To Rise As Racial And Gender Disparities Persist

March 4, 2020 Staff , Epi.org Educate! Inequality, New Economy, Racism, Sexism, Wage

Wage growth was strongest for the highest-wage workers while median hourly wages grew just 1.0% last year, according to a new EPI report. State of Working America Wages 2019 details the most recent hourly wage trends through 2019, showing that large gaps by gender, race, wage, and education level remain—and some of these gaps are increasing.

Class: The Little Word The Elites Want You To Forget

March 3, 2020 Chris Hedges , Truthdig.com Educate! Class, Ideology, Inequality

Aristotle, Niccolò Machiavelli, Alexis de Tocqueville, Adam Smith and Karl Marx grounded their philosophies in the understanding that there is a natural antagonism between the rich and the rest of us. The interests of the rich are not our interests. The truths of the rich are not our truths. The lives of the rich are not our lives.

To Tackle Inequality, We Need To Start Talking About Where Wealth Comes From

February 27, 2020 Laurie Macfarlane, Opendemocracy.net Strategize! Inequality, Taxes, Wealth

The studies, one commissioned by Trust for London and another by Tax Justice UK, explore public attitudes towards wealth based on focus groups held across England. Both found that most people are relatively content with people getting rich, and that attacks on the wealthy are often viewed negatively.

Living In Inequality, Dying In Despair

February 14, 2020 Sam Pizzigati, Inequality.org Educate! Inequality, Life Expectancy, Research

The U.S. Centers for Disease Control and Prevention released some welcome news late last month: Americans are living a tiny bit longer. In 2018, the federal health agency reported, U.S. life expectancy at birth inched up about a month, from 78.6 to 78.7 years. The Trump administration, predictably, claimed credit for the increase, the first since 2014.

The 3% Plan To End Starvation

January 28, 2020 Staff, Worldbeyondwar.org Create! Inequality, Military Budget, United Nations

Here’s a proposal that could end starvation around the globe. Never again need a human being lack the food to live. Never again need a single child or adult suffer the horrors of starvation. Hunger as a danger to anyone can be made a thing of the past. All that is required, apart from basic skills in distributing resources, is 3 percent of the military budget of the United States, or 1.5 percent of all the military budgets in the world.

2020 Edelman Trust Barometer

January 28, 2020 Staff, Edelman.com Educate! Finance and the Economy, Inequality

The 2020 Edelman Trust Barometer reveals that despite a strong global economy and near full employment, none of the four societal institutions that the study measures—government, business, NGOs and media—is trusted. The cause of this paradox can be found in people’s fears about the future and their role in it, which are a wake-up call for our institutions to embrace a new way of effectively building trust: balancing competence with ethical behavior.

Manhattan: A City Of Empty Luxury Condos And Overflowing Homeless Shelters

January 24, 2020 Staff, Boingboing.net Educate! Homelessness, Housing, Inequality, New Economy

New York's luxury real-estate market has been in freefall for years, and now the city's super-luxe buildings are sitting empty -- even as property prices in the city remain stubbornly high, prompting 300 New Yorkers to move out of the city every day, and filling the homeless shelters to capacity and beyond. New York -- like most overpriced cities -- has failed to build enough low- and middle-income housing of the sort that people use to live in, and has grossly oversupplied itself with the kinds of safe deposit boxes in the sky that oligarchs use as a form of medium-term asset class, possibly without ever occupying it.

World’s Billionaires Have More Wealth Than 4.6 Billion People

January 22, 2020 Staff, Oxfamamerica.org Educate! Inequality, Ruling Class

There are more than two thousand billionaires in the world today and they have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population, reveals a new report from Oxfam. The report is being launched as political and business elites, including President Trump, head to the World Economic Forum in Davos, Switzerland this week. The report, ‘Time to Care’, outlines how global inequality is shockingly entrenched and vast, with the number of billionaires having doubled in the last decade. The report also shows how our sexist economies are fuelling the inequality crisis...

JPMorgan Chase Records The Biggest Profit Of Any Bank In US History

January 22, 2020 Gabriel Black, Wsws.org Educate! Banks, Inequality, JP Morgan, Profit

JPMorgan Chase, the most valuable private bank in the world, made $36.4 billion in 2019, the biggest annual profit of any bank in American history. The news, reported Tuesday, sent the company’s stock up by 2 percent. In the fourth quarter of 2019, the company took in $8.5 billion, also a record, making it the tenth largest publicly traded company in the world, with a market cap of $437 billion.

People In US See Economy Is Rigged For The Wealthy

January 16, 2020 By Ruth Igielnik, Pewresearch.org Educate! Inequality, New Economy, Ruling Class

The notion that the U.S. economy is “rigged” to benefit the wealthy and special interests was a major rallying cry in the 2016 presidential election and is already resurfacing in the 2020 race. This message is likely to resonate with many Americans. Seven-in-ten U.S. adults say the economic system in their country unfairly favors powerful interests, compared with less than a third who say the system is generally fair to most Americans.

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