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View Diary: Joseph Stiglitz' Latest Must-Read: "Inequality Is Holding Back The Recovery" (113 comments)

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  •  Plutocrats protecting the plutocracy. (9+ / 0-)

    As a poor person now that I'm old, after being solidly middle class (income of family in 90k range in early '90's), I truly resent the inattention to poverty, where one of five children in America live in poverty!

    I further resent the attitude of many such as economics professor who told me recently that poor people in America were not really poor. Just because we are not suffering as the poorest of the poor are in other countries. As if there is some kind of absolute definition of "poor" that means American poor are not suffering. Such people are using semantics to pretend, to continue the long tradition of overlooking the poverty here because they dislike, no, hate, their tax dollars going to aid the poor. This prof, when I asked him about poor old people who would die if SS was cut the 20% he recommends, said, "What can I say, I'm Draconian," with a shrug. Yes, to me who he knew was poor, he shrugged.

    Plutocrats want poverty out of sight so it can stay out of mind, and they don't care if the entire "middle class" decends into poverty, as long as they can make sure they have enough things so they don't become unruly.

    "extreme concentration of income is incompatible with real democracy.... the truth is that the whole nature of our society is at stake." Paul Krugman

    by Gorette on Sun Jan 20, 2013 at 08:14:19 AM PST

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