NOTE:
You've come to an old part of SW Online. We're still moving this and other older stories into our new format. In the meanwhile, click here to go to the current home page.








The Socialist Worker guide to inequality in the U.S.
The haves and the have-nots

September 15, 2006 | Pages 6 and 7




 

ALAN MAASS, ERIC RUDER and DAVID WHITEHOUSE provide a graphic illustration of rising inequality in the U.S. today.

"ONE NATION under god, indivisible, with liberty and justice for all," goes the Pledge of Allegiance. But in reality, there are two Americas.

Jean Reynolds lives in one of them. She is a 51-year-old nursing assistant who makes $11 an hour--more than double the federal minimum wage. Still, she finds herself struggling to make ends meet, taking care of a houseful of children and grandchildren, including her daughter Bridget, who suffers from advanced thyroid cancer. "I've worked hard all my life, and I'm still stuck," she told the makers of the documentary Waging a Living, which premiered on PBS recently.

Robert Powell lives in an entirely different America. A California real estate developer, he recently spent $32,000 on rare wines at the Napa Valley Wine auction--as much on some bottles to be shared over dinner with his rich friends as Jean Reynolds will earn in 18 months of full-time work.

In the richest country in the world, millions of people endure grinding poverty, and many millions more live like Jean Reynolds, scraping by and living in fear that a stroke of bad luck could land them in worse shape. Robert Powell lives in a different and very exclusive America--whose inhabitants have the wealth and power to indulge any whim.

Look beyond the U.S., and this stark gap between the haves and have-nots is even more extreme.

The number of millionaires around the world has almost doubled in the past 10 years to 8.7 million, according to the World Wealth Report, compiled by the Wall Street firm Merrill Lynch.

Their combined financial wealth is $33.3 trillion--more than the value of all the goods and services produced last year in every economy in the world except the U.S. Their wealth dwarfs--by 10 times at least--the annual income of half the world's population, which lives on $2 a day or less.

This is the truth: Not "one nation" or "one world," but two--divided between the haves and have-nots.

What else to read

The Economic Policy Institute has released the latest edition of its State of Working America, which is always chock-full of essential facts about work, wages, wealth and inequality. Sections from the book and selected facts and figures are available at the State of Working America Web site.

To search for the facts about the U.S. economy, go the Web sites of the Economic Policy Institute, the Center on Budget and Policy Priorities and United for a Fair Economy.

For a historical perspective on class inequality and class struggle, read Sharon Smith's Subterranean Fire: A History of Working Class Radicalism in the United States. Alan Maass' The Case for Socialism provides a good introduction to the conditions of poverty and wealth around the world.

 

Home page | Current storylist | Back to the top