Le Monde Diplomatique – The inequality gap on a planet growing more extreme: Wall Street, banks, and angry citizens

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    • #9321
      OCMI
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      • Total Posts: 135

      “Ultimately, what transcends geography and geopolitics is an underlying level of economic discontent sparked by twenty-first-century economics and a resulting Grand Canyon-sized global inequality gap that is still widening. Whether the protests go left or right, what continues to lie at the heart of the matter is the way failed policies and stop-gap measures put in place around the world are no longer working, not when it comes to the non-1% anyway. People from Washington to Paris, London to Beijing, increasingly grasp that their economic circumstances are not getting better and are not likely to in any presently imaginable future, given those now in power.”

      It seems that the neo-liberal revolution has been slow to arrive in France.  Reagan and Thatcher kicked it into high gear in the ’80s in the US and UK respectively with policies that were foreshadowed in the ’70s, so the economics have been in play in both the twentieth and twenty-first there.

      Overall, the article is comprehensive and accurate.  I just wish the writer had gone further into what needs to be done to reverse the trend instead of providing only historical details.

      https://mondediplo.com/openpage/wall-street-banks-and-angry-citizens

      Edit to add:  I just noticed that the article was first posted in The Tom Dispatch.  Wonder why the author shied away from highlighting that the policies that enabled the Great Recession were instituted during the prior 40 years?

      Edit to add more:  The author is a former Wall Street executive.  Possibly she once advocated for the policies which allowed the Great Recession to occur, or plans on returning in the near future and doesn’t want to have the playing field for the continuing competition between the finance sector and average people too level.

      The majority of mankind is ground down by industrial oppression in order that the small remnant may live in ease.
      —Helen Keller, 1911

      Joe Biden, you're no Jack Kennedy: "Those who make peaceful revolution impossible will make violent revolution inevitable."—John F Kennedy, 1962

    • #9346
      Cold Mountain Trail
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      • #9414
        OCMI
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        • Total Posts: 135

        And can only add text after first entering reply title then hitting the Submit pushbutton.

        Edit to correct – this reply was made to the correct post on Chrome.  Internet Explorer posted the reply on the OP instead of allowing a reply to an OP reply.

        The majority of mankind is ground down by industrial oppression in order that the small remnant may live in ease.
        —Helen Keller, 1911

        Joe Biden, you're no Jack Kennedy: "Those who make peaceful revolution impossible will make violent revolution inevitable."—John F Kennedy, 1962

    • #9395
      Two way street
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      • Total Posts: 1,827

      We the People may need to stage a statute of liberty here and modernize the  Constitution after getting out in the street in front of their offices to demand justice. All signs should carry parts of the elected politician’s voting record, as We elected them to represent us, not their Overlords/Oligarchy.  Telephone calling the Oligarchy on Wall Street, for sponsorship and financial support, is the outcome of Citizens United when elected politicians should be visiting with and holding town halls with their constituents, asking us for our support.

      Kirsten Gillibrand gauges Wall Street execs’ interest in backing a potential 2020 presidential run

      2020 Campaign Season: We the People are in the fight for our lives and livelihoods.

    • #9397
      ThouArtThat
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      • Total Posts: 3,813

      As a group, the only thing that will get their attention is personal deprivation; the details of which cannot be spoken here though a good historical example can be found in history.

      https://en.wikipedia.org/wiki/French_Revolution

      The essence of normality is the refusal of reality.

      - Ernest Becker

      Politics is the entertainment division of the Military Industrial Complex.

      - Frank Zappa

      Rights aren't rights if someone can take them away. They're privileges.
      That's all we've ever had in this country, is a bill of temporary privileges.

      - George Carlin

      Sooner or later we all sit down to a banquet of consequences.

      - Robert Louis Stevenson

      • #9415
        OCMI
        Participant
        • Total Posts: 135

        The oligarchy sometimes gives a few crumbs when the population gets too restive.  They may believe that the police state in the US is pervasive and powerful enough now to avoid doing so.  They will find out they are wrong the hard way.

        The majority of mankind is ground down by industrial oppression in order that the small remnant may live in ease.
        —Helen Keller, 1911

        Joe Biden, you're no Jack Kennedy: "Those who make peaceful revolution impossible will make violent revolution inevitable."—John F Kennedy, 1962

    • #9412
      OCMI
      Participant
      • Total Posts: 135

      If the politicians won’t listen, hitting the wealthy in their pocket books might work.

      Edit – Meant as a reply to Two Way Street

      The majority of mankind is ground down by industrial oppression in order that the small remnant may live in ease.
      —Helen Keller, 1911

      Joe Biden, you're no Jack Kennedy: "Those who make peaceful revolution impossible will make violent revolution inevitable."—John F Kennedy, 1962

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