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Thrust of argument: Pete Dolack writes 'The top 0.1 percent - that is, the uppermost tenth of the 1% - have about as much wealth as the bottom 90 percent of United Statesians. To put it another way, approximately 320,000 people possess as much as do more than 280 million. It takes at least $20 million in assets to be among the top 0.1 percent, a total that is steadily rising.' Direction of resistance / implied resistance: Dolack feels: 'Even if mass social movements build to a point where they could force the imposition of Keynesian reforms, the reforms would eventually be taken back just as the reforms of the 20th century have been taken back. The massive effort to build and sustain movements capable of pushing back significantly against the tsunami of neoliberal austerity would be better mobilized toward a different economic system, one based on human need rather than private profit.'

 

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Removal of resistance: It would be foolish to disregard the fact Dolack cites, that 'for the bottom 90 percent, there was no change in wealth from 1986 to 2012, while the wealth of the top 0.1 percent increased by more than five percent annually'. Unification: To boil this horrible situation down to a few words like 'capitalism' and 'communism' is the behaviour of smurfs. We have to all rise above that and all see it for what it is. Primitive, animalistic behaviour - more by the predators than by the prey, much more. If there is any humanity left it tends not to live among those who descend into animalistic greed, like bankers, CEOs, government ministers, etc. Ordinariness is usually the most important characteristic in those who transcend predictable emotion-based behaviour.
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http://www.counterpunch.org/2014/11/14/rising-inequality-and-liberal-myopia/

 

 

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