Although she claims never to have read ‘more than a couple of pages of Das Kapital’, Barbara Ehrenreich writes in an article in The Nation posted Wednesday, ‘A great deal of the wealth at the top is built on the low-wage labor of the poor’.
…Larry Summers, the centrist Democratic economist and former Harvard president, is now obsessed with the statistic that, since 1979, the share of pretax income going to the top 1 percent of American households has risen by 7 percentage points, to 16 percent. At the same time, the share of income going to the bottom 80 percent has fallen by 7 percentage points.
As the Times puts it: "It's as if every household in that bottom 80 percent is writing a check for $7,000 every year and sending it to the top 1 percent." Summers now admits that his former cheerleading for the corporate-dominated global economy feels like "pretty thin gruel."
…the reality that a great deal of the wealth at the top is built on the low-wage labor of the poor … You think it's a coincidence that this union-busting low-wage retail empire [Wal-Mart] happens to have generated a $200 billion family fortune?
...Gentrification is dispersing the urban poor into overcrowded suburban ranch houses, while billionaires' horse farms displace the rural poor and middle class. Similarly, the rich can swallow tuitions of $40,000 and up, making a college education increasingly a privilege of the upper classes.
…the huge concentration of wealth at the top is routinely used to tilt the political process in favor of the wealthy…if we don't end up with universal health insurance in the next few years, it won't be bec
As Michael Moore points out in a clip from his new film Sicko, in case it wasn’t obvious, the issue is not health insurance, but health care. I suppose from an American perspective, the idea that people are actually entitled to medical attention when sick or injured is so remote that universal health insurance looks like the real thing. But
There is no room for the concept of profit when it comes to taking care of people when they're sick. That question of how will this affect our bottom line? How will this affect our profit? That is an immoral question and it should never be asked!
Ehrenreich reckons that