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Bakari Chavanu

The Rich Are Making the Poor Poorer | Economy | AlterNet - 1 views

  • In Sunday's New York Times magazine we learn that 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.
  • First, the Clemens example distracts from the reality that a great deal of the wealth at the top is built on the low-wage labor of the poor. Take Wal-Mart, our largest private employer and premiere exploiter of the working class: Every year, 4 or 5 of the people on Forbes magazine's list of the ten richest Americans carry the surname Walton, meaning they are the children, nieces, and nephews of Wal-Mart's founder.
  • All those late fees, puffed up interest rates and exorbitant charges for low-balance checking accounts do not, as far as I can determine, go to soup kitchens.
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  • Third, the overclass bids up the price of goods that ordinary people also need -- housing, for example. 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.
  • It may well turn out to be because Hillary Clinton is, as The Nation reports, "the number-one Congressional recipient of donations from the healthcare industry." And who do you think demanded those Bush tax cuts for the wealthy -- the AFLCIO.
Bakari Chavanu

10 reasons why #DemExit is serious: Getting rid of Debbie Wasserman Schultz is not enou... - 0 views

  • The fact that the party even has superdelegates is a sign of its anti-democratic, pro-oligarchy stance. As Branko Marcetic of In These Times reports the superdelegate system was created specifically to challenge the will of voters. According to Marcetic, “When a Sanders supporter criticized superdelegate Howard Dean for sticking with Clinton despite Sanders’ landslide victory in Vermont, Dean tweeted back: “Superdelegates don’t represent the people.”
  • The DNC created a debate schedule designed to make it hard for candidates to challenge Clinton’s status as the “presumptive” nominee.  Debates were held on weekends, at times that conflicted with other events, and were generally slotted to attract fewer viewers.
  • Fox News offered to host one.  Fox News wrote that, “the race is still contested, and given that you sanctioned a final trio of debates, the last of which has not yet been held, we believe a final debate would be an excellent opportunity for the candidates to, as you said when you announced these debates, ‘share Democrats’ vision for the country.’”  There never was a California debate set up. Not on Fox News or any other venue.
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  • The Sanders camp alleged that the joint fundraising agreement offered Clinton a chance to “launder” money through the DNC.
  • It clearly goes against what was intended for the joint fundraising committees.”  Given the already significant war chest Clinton had to run her campaign it is not surprising that Sanders supporters would find this news disturbing.
  • The recent fights over the DNC platform reveal a real lack of support for progressive policy, especially on key economic issues
Stephen Boyle

Occupy Movement Informationbase - 0 views

I've setup a Wordpress blog that I'd like to receive a feed from this Diigo group into. Contact me at media@occupy-detroit.us to enable this. http://occupymovementinfo.wordpress.com

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started by Stephen Boyle on 09 Jan 12 no follow-up yet
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