An ironic Ukrainian proverb
declares “We’re standing on the very edge, so we’re taking one step at a time.”
The PBS News Hour this week looked over the edge of a real world precipice—the
Alabama prison system—at a national horror story that requires many steps so
far not taken. It also serves as a parable of the national and global
divisions created by inequality.
At
its Holman prison the Alabama state budget has 24,000 human beings “living”
cheek by jowl in bunk beds inches above, below and next to each other. There
are frequent riots—a guard and the warden were recently stabbed in the midst of
trying to stop one.
As
parable this PBS story is also a story about
global inequality. OxFam reported a year ago, just before the annual Davos
conference of the world’s wealthiest finance and political leaders, that by the
end of 2016 the combined
wealth of the richest 1 percent will overtake that of the other 99 percent of
people. Oxfam’s researchers show that the richest 1 percent have seen their share of global
wealth increase from 44 percent in 2009 to 48 percent in 2014 and
“Of the remaining 52
percent of global wealth, almost all (46 percent) is owned by the rest of the
richest fifth of the world’s population. The other 80 percent share just 5.5
percent and had an average wealth of $3,851 per adult – that’s 1/700th of the average wealth of the 1
percent.”
In this abyss of inequality ISIS-style terrorists
from the ranks of the have-nots now operate in Libya, Kenya, Somalia and across
Europe. In the U.S. they may find fertile soil among the imprisoned. Untold
unrest is growing among clusters of have-nots that includes tens of millions of
workers with frozen wages and disappearing benefits. There are 10 million
undocumented immigrants, 29 million citizens without health insurance and from
Silicon Valley to New York a growing absence of affordable housing.
There is a strange immobilization within both
political parties and the candidates about this enveloping disaster. The
absence of specificity about policy is striking in the face of many reality
factoids. Clearly, its evolution grows from the weaknesses and absence of
regulation in global capitalism; a system profoundly analyzed two years ago by political
economist, Thomas Piketti, whose equation— R>G —says the rate of return on capital “r” is
greater than “g” the rate of economic growth; and this equals growing inequality.
Who among campaigners and parties or members of
congress and their candidates seems willing to bell this cat? able, that is, to speak appropriately in
proportion to the disasters around us. The race for votes in New York over the
next ten days will tell us something.
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