Friday 3rd of May 2024

we're screwed...

we're screwed

The current maldistribution of wealth is also scandalous. In 2009, the richest 5 percent claimed 63.5 percent of the nation’s wealth. The overwhelming majority, the bottom 80 percent, collectively held just 12.8 percent.

This inequality, in which an enormous segment of the population struggles while the fortunate few ride the gravy train, is a world-class recipe for social unrest. Downward mobility is an ever-shortening fuse leading to profound consequences.

A stark example of the fundamental unfairness that is now so widespread was in The New York Times on Friday under the headline: “G.E.’s Strategies Let It Avoid Taxes Altogether.” Despite profits of $14.2 billion — $5.1 billion from its operations in the United States — General Electric did not have to pay any U.S. taxes last year.


http://www.nytimes.com/2011/03/26/opinion/26herbert.html?_r=1&partner=rssnyt&emc=rss&pagewanted=print       

the right-wing inquisition...

American Thought Police

By PAUL KRUGMAN

Recently William Cronon, a historian who teaches at the University of Wisconsin, decided to weigh in on his state’s political turmoil. He started a blog, “Scholar as Citizen,” devoting his first post to the role of the shadowy American Legislative Exchange Council in pushing hard-line conservative legislation at the state level. Then he published an opinion piece in The Times, suggesting that Wisconsin’s Republican governor has turned his back on the state’s long tradition of “neighborliness, decency and mutual respect.”

So what was the G.O.P.’s response? A demand for copies of all e-mails sent to or from Mr. Cronon’s university mail account containing any of a wide range of terms, including the word “Republican” and the names of a number of Republican politicians.

If this action strikes you as no big deal, you’re missing the point. The hard right — which these days is more or less synonymous with the Republican Party — has a modus operandi when it comes to scholars expressing views it dislikes: never mind the substance, go for the smear. And that demand for copies of e-mails is obviously motivated by no more than a hope that it will provide something, anything, that can be used to subject Mr. Cronon to the usual treatment.

The Cronon affair, then, is one more indicator of just how reflexively vindictive, how un-American, one of our two great political parties has become.

The demand for Mr. Cronon’s correspondence has obvious parallels with the ongoing smear campaign against climate science and climate scientists, which has lately relied heavily on supposedly damaging quotations found in e-mail records.

Back in 2009 climate skeptics got hold of more than a thousand e-mails between researchers at the Climate Research Unit at Britain’s University of East Anglia. Nothing in the correspondence suggested any kind of scientific impropriety; at most, we learned — I know this will shock you — that scientists are human beings, who occasionally say snide things about people they dislike.

But that didn’t stop the usual suspects from proclaiming that they had uncovered “Climategate,” a scientific scandal that somehow invalidates the vast array of evidence for man-made climate change. And this fake scandal gives an indication of what the Wisconsin G.O.P. presumably hopes to do to Mr. Cronon.

After all, if you go through a large number of messages looking for lines that can be made to sound bad, you’re bound to find a few. In fact, it’s surprising how few such lines the critics managed to find in the “Climategate” trove: much of the smear has focused on just one e-mail, in which a researcher talks about using a “trick” to “hide the decline” in a particular series. In context, it’s clear that he’s talking about making an effective graphical presentation, not about suppressing evidence. But the right wants a scandal, and won’t take no for an answer.

Is there any doubt that Wisconsin Republicans are hoping for a similar “success” against Mr. Cronon?


http://www.nytimes.com/2011/03/28/opinion/28krugman.html?src=ISMR_HP_LO_MST_FB&pagewanted=print

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Losing Our Way

By BOB HERBERT

So here we are pouring shiploads of cash into yet another war, this time in Libya, while simultaneously demolishing school budgets, closing libraries, laying off teachers and police officers, and generally letting the bottom fall out of the quality of life here at home.

Welcome to America in the second decade of the 21st century. An army of long-term unemployed workers is spread across the land, the human fallout from the Great Recession and long years of misguided economic policies. Optimism is in short supply. The few jobs now being created too often pay a pittance, not nearly enough to pry open the doors to a middle-class standard of living.

Arthur Miller, echoing the poet Archibald MacLeish, liked to say that the essence of America was its promises. That was a long time ago. Limitless greed, unrestrained corporate power and a ferocious addiction to foreign oil have led us to an era of perpetual war and economic decline. Young people today are staring at a future in which they will be less well off than their elders, a reversal of fortune that should send a shudder through everyone.

The U.S. has not just misplaced its priorities. When the most powerful country ever to inhabit the earth finds it so easy to plunge into the horror of warfare but almost impossible to find adequate work for its people or to properly educate its young, it has lost its way entirely.

Nearly 14 million Americans are jobless and the outlook for many of them is grim. Since there is just one job available for every five individuals looking for work, four of the five are out of luck. Instead of a land of opportunity, the U.S. is increasingly becoming a place of limited expectations. A college professor in Washington told me this week that graduates from his program were finding jobs, but they were not making very much money, certainly not enough to think about raising a family.

There is plenty of economic activity in the U.S., and plenty of wealth. But like greedy children, the folks at the top are seizing virtually all the marbles. Income and wealth inequality in the U.S. have reached stages that would make the third world blush. As the Economic Policy Institute has reported, the richest 10 percent of Americans received an unconscionable 100 percent of the average income growth in the years 2000 to 2007, the most recent extended period of economic expansion.

Americans behave as if this is somehow normal or acceptable. It shouldn’t be, and didn’t used to be. Through much of the post-World War II era, income distribution was far more equitable, with the top 10 percent of families accounting for just a third of average income growth, and the bottom 90 percent receiving two-thirds. That seems like ancient history now.

The current maldistribution of wealth is also scandalous. In 2009, the richest 5 percent claimed 63.5 percent of the nation’s wealth. The overwhelming majority, the bottom 80 percent, collectively held just 12.8 percent.

This inequality, in which an enormous segment of the population struggles while the fortunate few ride the gravy train, is a world-class recipe for social unrest. Downward mobility is an ever-shortening fuse leading to profound consequences.

A stark example of the fundamental unfairness that is now so widespread was in The New York Times on Friday under the headline: “G.E.’s Strategies Let It Avoid Taxes Altogether.” Despite profits of $14.2 billion — $5.1 billion from its operations in the United States — General Electric did not have to pay any U.S. taxes last year.


http://www.nytimes.com/2011/03/26/opinion/26herbert.html?_r=1&partner=rssnyt&emc=rss&pagewanted=print