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The religion of inequality has failed us by Bill Moyers The Nation, Moyers & Company USA In a recent poll, 71% of Americans across lines of ethnicity, class, age, and gender said they believe the U.S. economy is rigged. People reported that they are working harder for financial security. One quarter of the respondents had not taken a vacation in more than five years. Seventy-one percent said that they are afraid of unexpected medical bills; 53% feared not being able to make a mortgage payment; and, among renters, 60% worried that they might not make the monthly rent. Millions of Americans, in other words, are living on the edge. Yet the country has not confronted the question of how we will continue to prosper without a workforce that can pay for its goods and services. Who Dunnit? You didn’t have to read Das Kapital to see this coming or to realize that the United States was being transformed into one of the harshest, most unforgiving societies among the industrial democracies. You could instead have read The Economist, arguably the most influential business-friendly magazine in the English-speaking world. I keep in my files a warning published in that magazine a dozen years ago, on the eve of George W. Bush’s second term. The editors concluded back then that, with income inequality in the United States reaching levels not seen since the first Gilded Age and social mobility diminishing, “the United States risks calcifying into a European-style class-based society.” And mind you, that was before the financial meltdown of 2007–08, before the bailout of Wall Street, before the recession that only widened the gap between the super-rich and everyone else. Ever since then, the great sucking sound we’ve been hearing is wealth heading upwards. The United States now has a level of income inequality unprecedented in our history and so dramatic it’s almost impossible to wrap one’s mind around. This the way the world is made to work by those with the money and power. The movers and shakers—the big winners—keep repeating the mantra that this inequality was inevitable, the result of the globalization of finance and advances in technology in an increasingly complex world. Those are part of the story, but only part. As G.K. Chesterton wrote a century ago, “In every serious doctrine of the destiny of men, there is some trace of the doctrine of the equality of men. But the capitalist really depends on some religion of inequality.” Exactly. In our case, a religion of invention, not revelation, politically engineered over the last 40 years. Yes, politically engineered. On this development, you can’t do better than read Winner Take All Politics: How Washington Made the Rich Richer and Turned Its Back on the Middle Class, by Jacob Hacker and Paul Pierson, the Sherlock Holmes and Dr. Watson of political science. They were mystified by what had happened to the post–World War II notion of “shared prosperity”; puzzled by the ways in which ever more wealth has gone to the rich and super-rich; vexed that hedge-fund managers pull in billions of dollars, yet pay taxes at lower rates than their secretaries; curious about why politicians kept slashing taxes on the very rich and handing huge tax breaks and subsidies to corporations that are downsizing their work forces; troubled that the heart of the American Dream—upward mobility-seemed to have stopped beating; and dumbfounded that all of this could happen in a democracy whose politicians were supposed to serve the greatest good for the greatest number. So Hacker and Pierson set out to find out “how our economy stopped working to provide prosperity and security for the broad middle class.” In other words, they wanted to know: “Who dunnit?” They found the culprit. With convincing documentation they concluded, “Step by step and debate by debate, America’s public officials have rewritten the rules of American politics and the American economy in ways that have benefitted the few at the expense of the many.” There you have it: The winners bought off the gatekeepers, then gamed the system. And when the fix was in, they turned our economy into a feast for the predators, “saddling Americans with greater debt, tearing new holes in the safety net, and imposing broad financial risks on Americans as workers, investors, and taxpayers.” The end result, Hacker and Pierson conclude, is that the United States is looking more and more like the capitalist oligarchies of Brazil, Mexico, and Russia, where most of the wealth is concentrated at the top while the bottom grows larger and larger with everyone in between just barely getting by. Looking back, you have to wonder how we could have ignored the warning signs. In the 1970s, Big Business began to refine its ability to act as a class and gang up on Congress. Even before the Supreme Court’s Citizens United decision, political-action committees deluged politics with dollars. Foundations, corporations, and rich individuals funded think tanks that churned out study after study with results skewed to their ideology and interests. Political strategists made alliances with the religious right, with Jerry Falwell’s Moral Majority and Pat Robertson’s Christian Coalition, to zealously wage a cultural holy war that would camouflage the economic assault on working people and the middle class. To help cover-up this heist of the economy, an appealing intellectual gloss was needed. So public intellectuals were recruited and subsidized to turn “globalization,” “neoliberalism,” and “the Washington consensus” into a theological belief system. The “dismal science of economics” became a miracle of faith. Wall Street glistened as the new Promised Land, while few noticed that those angels dancing on the head of a pin were really witchdoctors with MBAs brewing voodoo magic. The greed of the Gordon Gekkos—once considered a vice—was transformed into a virtue. One of the high priests of this faith, Lloyd Blankfein, CEO of Goldman Sachs, looking in wonder on all that his company had wrought, pronounced it “God’s work.” A prominent neoconservative religious philosopher even articulated a “theology of the corporation.” I kid you not. And its devotees lifted their voices in hymns of praise to wealth creation as participation in the Kingdom of Heaven here on Earth. Self-interest became the Gospel of the Gilded Age. No one today articulates this winner-take-all philosophy more candidly than Ray Dalio. Think of him as the King Midas of hedge funds, with a personal worth estimated at almost $16 billion and a company, Bridgewater Associates, reportedly worth as much as $154 billion. Dalio fancies himself a philosopher and has written a book of maxims explaining his philosophy. It boils down to: “Be a hyena. Attack the Wildebeest.” (Wildebeests, antelopes native to southern Africa—as I learned when we once filmed a documentary there—are no match for the flesh-eating dog-like spotted hyenas that gorge on them.) Here’s what Dalio wrote about being a Wall Street hyena: ''when a pack of hyenas takes down a young wildebeest, is this good or bad? At face value, this seems terrible; the poor wildebeest suffers and dies. Some people might even say that the hyenas are evil. Yet this type of apparently evil behavior exists throughout nature through all species… like death itself, this behavior is integral to the enormously complex and efficient system that has worked for as long as there has been life… It is good for both the hyenas, who are operating in their self-interest, and the interests of the greater system, which includes the wildebeest, because killing and eating the wildebeest fosters evolution, i.e., the natural process of improvement.… Like the hyenas attacking the wildebeest, successful people might not even know if or how their pursuit of self-interest helps evolution, but it typically does''. He concludes: “How much money people have earned is a rough measure of how much they gave society what it wanted…” Not this time, Ray. This time, the free market for hyenas became a slaughterhouse for the wildebeest. Collapsing shares and house prices destroyed more than a quarter of the wealth of the average household. Many people have yet to recover from the crash and recession that followed. They are still saddled with burdensome debt; their retirement accounts are still anemic. All of this was, by the hyena’s accounting, a social good, “an improvement in the natural process,” as Dalio puts it. Nonsense. Bull. Human beings have struggled long and hard to build civilization; his doctrine of “progress” is taking us back to the jungle. Our founders warned against the power of privileged factions to capture the machinery of democracies. James Madison, who studied history through a tragic lens, saw that the life cycle of previous republics had degenerated into anarchy, monarchy, or oligarchy. Like many of his colleagues, he was well aware that the republic they were creating could go the same way. Distrusting, even detesting concentrated private power, the founders attempted to erect safeguards to prevent private interests from subverting the moral and political compact that begins, “We, the people.” For a while, they succeeded. When the brilliant young French aristocrat Alexis de Tocqueville toured America in the 1830s, he was excited by the democratic fervor he witnessed. Perhaps that excitement caused him to exaggerate the equality he celebrated. Close readers of Tocqueville will notice, however, that he did warn of the staying power of the aristocracy, even in this new country. He feared what he called, in the second volume of his masterwork, Democracy in America, an “aristocracy created by business.” He described it as already among “the harshest that ever existed in the world” and suggested that, “if ever a permanent inequality of conditions and aristocracy again penetrate the world, it may be predicted that this is the gate by which they will enter.” And so it did. Half a century later, the Gilded Age arrived with a new aristocratic hierarchy of industrialists, robber barons, and Wall Street tycoons in the vanguard. They had their own apologist in the person of William Graham Sumner, an Episcopal minister turned professor of political economy at Yale University. He famously explained that “competition…is a law of nature” and that nature “grants her rewards to the fittest, therefore, without regard to other considerations of any kind.” From Sumner’s essays to the ravenous excesses of Wall Street in the 1920s to the ravings of Rush Limbaugh, Glenn Beck, and Fox News, to the business press’s wide-eyed awe of hyena-like CEOs; from the Republican war on government to the Democratic Party’s shameless obeisance to big corporations and contributors, this “law of nature” has served to legitimate the yawning inequality of income and wealth, even as it has protected networks of privilege and monopolies in major industries like the media, the tech sector, and the airlines. A plethora of studies conclude that America’s political system has already been transformed from a democracy into an oligarchy (the rule of a wealthy elite). Martin Gilens and Benjamin Page, for instance, studied data from 1,800 different policy initiatives launched between 1981 and 2002. They found that “economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy while mass-based interest groups and average citizens have little or no independent influence.” Whether Republican or Democratic, they concluded, the government more often follows the preferences of major lobbying or business groups than it does those of ordinary citizens. We can only be amazed that a privileged faction in a fervent culture of politically protected greed brought us to the brink of a second Great Depression, then blamed government and a “dependent” 47 percent of the population for our problems, and ended up richer and more powerful than ever. The truth of our country isn’t actually so complicated. It’s in the moral compact implicit in the preamble to our Constitution: We’re all in this together. We are all one another’s first responders. As the writer Alberto Rios once put it, “I am in your family tree and you are in mine.” I realize that the command to love our neighbor is one of the hardest of all religious concepts, but I also recognize that our connection to others goes to the core of life’s mystery and to the survival of democracy. When we claim this as the truth of our lives—when we live as if it’s so-we are threading ourselves into the long train of history and the fabric of civilization; we are becoming “we, the people.” The religion of inequality-of money and power-has failed us; its gods are false gods. There is something more essential—more profound-in the American experience than the hyena’s appetite. Once we recognize and nurture this, once we honor it, we can reboot democracy and get on with the work of liberating the country we carry in our hearts. http://billmoyers.com/story/plutocrats-vs-people/ http://billmoyers.com/tag/economic-inequality/ Visit the related web page |
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Ten steps towards peace by Hazel Healy New Internationalist 1. Start by stamping out exclusion Evidence shows that conflict happens in places where people can’t trust the police or get access to justice, and their prospects for a decent life are stolen by corrupt elites. Governments everywhere need to start respecting and stop the neglect, abuse and stigmatization of their own people. Media and others that promote ‘them-and-us’ thinking must be challenged to stop spreading hate. 2. Bring about true equality between women and men The larger a country’s gender gap, the more likely it is to be involved in violent conflict, according to research in Valerie Hudson’s Sex and World Peace (2012). Gender inequality trumps GDP, level of democracy or ethnic-religious identity, to make more likely both external and internal conflict, and being the first to resort to force in such conflicts. In contrast, when women participate in peace processes, peace is more likely to endure. 3. Share out wealth fairly According to a World Bank survey, 40 per cent of those who join rebel groups do so because of a lack of economic opportunities. Relative poverty is just as important, with more equal societies marked by high levels of trust and low levels of violence. Economic fairness when it comes to public resources, taxation and tax evasion is also key. The systematic transfer of wealth from rich to poor – instead of the other way round – improves security for everyone. 4. Tackle climate change Ecological stress from global warming is proven to exacerbate conflicts over resources such as land and water, particularly in East Africa. For all its shortcomings, the UN climate agreement is evidence that the world can tackle and mitigate crises by co-operation, instead of war. A functioning climate deal ‘is the greatest peace deal the world could have,’ according to Dan Smith, from the leading arms-control thinktank SIPRI. 5. Control arms sales The promotion of arms sales and heavy spending on aggressive military capabilities is heightening global tensions. The proliferation of arms drives conflict and makes violence more likely. Arms treaty signatories must be held to their word, as we build evidence of violations and hold sellers accountable. We can also build support for a groundbreaking new convention that bans nuclear weapons and makes it illegal to possess or use them. 6. Display less hubris, make more policy change A look at the track record of counter-terrorism, the ‘war on drugs’, stabilization and state-building efforts and colonial wars ‘shows a pattern of largely very sobering failure’ says Saferworld’s Larry Attree. Humility and willingness to atone for past aggression on the international stage is essential – as is an end to the self-serving and counter-productive policy in the Middle East. 7. Protect political space If governments expect young, marginalized people to embrace an open society rather than pursue more violent and vengeful paths, they must allow public dissent. Across the world – and the political spectrum – this space must be defended from repressive tools such as ad hoc administrative regulation, misuse of anti-terrorist measures, arbitrary arrest and imprisonment, even torture and murder. 8. Fix intergenerational relations Much conflict can be understood as a youth revolt against established corrupt systems run by, generally, older men. In countries with strict age hierarchies young people can’t voice their frustrations, which creates a dangerous dynamic, explains researcher and peacebuilder Chitra Nagarajan. This is compounded by classic victim-blaming, in which young men are treated as a ticking time bomb. 9. Build an integrated peace movement Short-term anti-war movements have taken the place of active and permanent peace movements. We need to promote nonviolent alternatives and successes; peace campaigner Phyllis Bennis believes peace must be woven into other social movements, giving the example of the Poor People’s Campaign in the US last March, which attacked the war economy and linked it to poverty at home. 10. Look within Peace starts with you. Ordinary citizens can make a difference. When’s the last time you said sorry? Think about who loses when you win. Are the people around you heard and respected or marginalized, ignored and left out? Make a decision to care about what happens to them. Start a constructive conversation with someone you disagree with. Challenge ‘them-and-us’ thinking in yourself as well as in others. Every one of us can choose to make society more just and peaceful, or more unjust and warlike. http://bit.ly/2POwcol Visit the related web page |
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