The crass stupidity of the careless rich

In 2010 the richest !% in the US captured an astonishing 93% of the year’s increase in incomes.  In the same year, CEOs made, on average, 243 times as much as the median worker.  Between 1970 and 2010 the Gini co-efficient, which measures inequality, rose in the US from .035 to 0.44, an astounding increase.  (The Guardian  05/10/2012)

What the advocates of the growing corporatocracy of the extremely wealthy cannot understand is that they are fomenting political unrest and disconnection.  A discontented workforce (the 48% of “dependent” and apparently “useless” people), under-educated and unmotivated, will be unwilling to work effectively or even bother.  Already you see jobs being sloppily done, goods being increasingly unreliable, customer service being staffed by untrained people;  product design declining,  time-keeping , and interest in the customer disappearing.  This is the brave  world of the New Order (actually, the advocates of this damaging policy think they are returning to some imagined golden age, say, around 1790, when most people were farmers, the great and good owned slaves , and people effortlessly prospered without government and “strictly by their own efforts”.  Hah!).

Beware!  History is not valued as a subject in the US because  you can’t get a job with history (which tells you something about how people regard “education”).  Well, those of us who do know some history will recall the French and Russian revolutions, to name but two.  We haven’t got there yet, but be assured, the crazies will get us there if they can!  The runes are ominous.

 

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