America Wakes Up to the Reality: Inequality Matters
How would you react if you learned that 21 U.S. CEO’s had golden parachutes of $100 million each? On top of that, what if you learned that poverty has increased by 27% between 2006 and 2010? Bill Moyers talks a bit about an obvious inequality that exists and why it matters.
Here’s his take on the Occupy Wall Street movement:
The people we met from Occupy Wall Street get it—you could tell from their slogans. One of the younger protesters wore a t-shirt emblazoned with the words: “The system’s not broken. It’s fixed.” That’s right – rigged. And that’s why so many are so angry. Not at wealth itself. But at the powerful players who win by fixing the game instead of by honest competition; at the crony capitalists who resort to tricks, loopholes, and cold cash to make sure insiders prosper – and then pull up the ladder behind them.
After reviewing what many within the Occupy movement had to say, my reaction was pretty much the same. People know there’s something wrong but can’t tell you exactly what it is. Crony capitalism and plutocracy are a few of the obvious byproducts for sure though.
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