Robert Reich has a
book to sell movie to promote:
… Put simply, most people are on a downward escalator. Although jobs are slowly returning, pay is not. Most jobs created since the start of the recovery, in 2009, pay less than the jobs that were lost during the Great Recession. This means many people are working harder than ever, but still getting nowhere. They’re increasingly pessimistic about their chances of ever doing better.
As their wages and benefits shrink, though, they see corporate executives and Wall Street bankers doing far better than ever before. And they are keenly aware of bailouts and special subsidies for agribusinesses, pharma, oil and gas, military contractors, finance and every other well-connected industry.
Political scientists have noted a high correlation between inequality and polarization. But economic class isn’t the only dividing line in America. Many working-class voters are heartland Republicans, while many of America’s superrich are coastal Democrats. The real division is between those who believe the game is rigged against them and those who believe they have a decent shot.
Losers of rigged games can become very angry, as history has revealed repeatedly. In America, the populist wings of both parties have become more vocal in recent years — the difference being that the populist right blames government more than it does big corporations while the populist left blames big corporations more than government.
Widening inequality thereby ignites what the historian Richard Hofstadter called the “paranoid style in American politics.”….
What’s on the agenda in your neck of the woods tonight?