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The engine of our emerging dystopia is, which is growing. This does nothing to address this cancer. The bottom 50 percent of households in 2019 accounted for only 1 percent of the nation’s total wealth. The top 10 percent accounted for 76 percent. And this was before the pandemic accelerated income disparity. More than 18 million American depend on unemployment benefits, as businesses contract and close. Nearly 81 million Americans struggle to meet basic household expenses, 22 million lack enough food and 11 million say they can’t make their next house payment. Only deep structural reforms accompanied by-type legislation can save us, but such changes are an anathema to the corporate state and the. History has amply demonstrated what happens when income disparities of this magnitude afflict a country. We will be no exception. Lacking a strong left, the United States will in desperation embrace authoritarianism, if not. This will, I fear, be Biden and the Democratic Party’s real legacy. (en) |
