Friday, August 28, 2015

The Unfair Economy

Amazon CEO Jeff Bezos has been in the news recently for enforcing inhumane work conditions not seen since the days of the Spanish galley slave.

The LATimes has an excellent write up about it.

The 1% tell us how to live and how hard to work. They create the economy the rest of us endure. They evade taxes like billy-o and we get to pay for them, or learn to live without good roads and decent schools.

Gyrations in the stock markets terrify the rest of us, but the 1% go shopping (as the NYTimes reported recently). Market instability that worries us they see as opportunity to buy up bargain shares. They profit from volatility. It is their environment of choice, they create it, it profits them enormously (as Naomi Klein’s Shock Doctrine has explained) but they don’t have to experience it. Their lives are serene and insulated.

Desirable places to live like London, Paris and New York are the setting for a vast new wave of social cleansing, quietly deporting the poor and inviting the rich in.

Reported in the Guardian.

And in a Guardian opinion piece.

Curbed reports how social cleansing is being carried out in New York.

The New York Daily News reports how, in many cases, the new multimillion dollar pieds a terre are seldom inhabited, so the poor and the working classes are being pushed out just in case some rich people would like to spend a weekend in the city.

Pulitzer Prize winning economics reporter David Cay Johnston has this explanation of how the 1% play the American economy and tax system like a violin.

The rich are not like you and me. Why do we cater to them? Why do we walk in the street so they can enjoy the sidewalk? Why do we vacate our cities for their convenience? Why do we pay their taxes for them? Why do we do what they tell us at work and in the voting booth? Are we their slaves? Possibly. By choice, apparently.

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