Saturday, June 14, 2008

...time for a revolution.

Watched a TV program Friday night. Bill Moyers Journal. On PBS. Moyers interviewed Steve Fraser, a historian, who believes America is in its second Gilded Age. Because of the big disparity between the rich and the poor. Yes, the poor keep getting poorer, and the rich keep getting richer. Fraser said the ever-widening economic gap is obscene. "When you have such enormous disparities of income and wealth," Fraser said, "there's a kind of warped set of priorities. So that the amassing of wealth...comes at the expense of funneling vital capitol resources into improving the material lives and even the cultural lives of ordinary folk." Fraser said we're living in a period of downward mobility for millions of Americans while the elites at the other end are accumulating vast wealth. And I'll tell you what's so perplexing about this. We ordinary Americans mostly sit idly by and allow ourselves to be exploited by the big-money interests. We don't work hard enough for redistribution of the wealth. Our workers, for instance, over a period of time increase their production by 70-some percent and reap only a 2 percent increase in wages. And actually, with the state of the economy, workers lose buying power. Meanwhile, the ruling elites pocket all kinds of dough. They become filty rich. And we ordinary dumbbells stand for it. As for me, I think it's time we woke up...time for a revolution.--Jim Broede

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