In the heat of the political moment, some politicians would like Americans to feel that the economy is on the upswing and all is well. Even Bill Gates suggested last week that the GDPs of the world are doing fine and all will be well by 2015. He alluded to the circumstances as being just part of the jobs cycle (pfft).
Capitalists would like you to ignore the fact that all the money has skewed to them, leaving the masses as wage slaves, underemployed, or out of work altogether. They ignore the unsustainable aspects of the capitalist model that has the world forever growing in population and market demand without reconciling the consequences on the environment. The planet is constrained and everything is out of control, unequal and inequitable. It isn’t a fair model. It isn’t patriotic either.
Chris Cillizza at the Washington Post provides some numbers to consider in “The Fix” today. You can read his column, but here is more analysis about what it means.
Most Americans believe that the vast income gap between the wealthiest Americans and the majority is too great. They are correct and by pursuing a sustainable economic model and changing the rules we can improve our quality of life and extend the life cycle for humanity on our planet.
At present the capitalist economic model ensures that young Americans have a reduced chance and opportunity for improving their lives as a result of hoarding by the wealthy and too much control and influence by large corporations and their lobbyists.
It has been 50 years since LBJ launched the war on poverty. Congress and the Presidents since have found it easier to engage in foreign policy that kill American soldiers without a return on high cost instead of solving the poverty problem at home.
Read Chris Cillizza’s numbers as they will add to the explanation.
“10 numbers that explain why income inequality is a hot topic
Although high-octane rhetoric on health care seems to overshadow all other political discussions in U.S. politics, income inequality and economic opportunity have crept up in speeches and policy proposals from the White House, Congress, state government, local government and academics. Here are a few reasons why.
According to a Pew Research poll from December 2013, that's the number of Americans who think the income gap between the rich and the poor has grown in the last three years. Of those 65 percent of respondents, only 3 percent think that's a good thing. A month later, President Obama geared a large part of his State of the Union address toward that 65 percent of the population:
The problem is that alongside increased inequality, we’ve seen diminished levels of upward mobility in recent years. A child born in the top 20 percent has about a 2-in-3 chance of staying at or near the top. A child born into the bottom 20 percent has a less than 1-in-20 shot at making it to the top. He’s 10 times likelier to stay where he is. In fact, statistics show not only that our levels of income inequality rank near countries like Jamaica and Argentina, but that it is harder today for a child born here in America to improve her station in life than it is for children in most of our wealthy allies -- countries like Canada or Germany or France. They have greater mobility than we do, not less.”