Inequality in America

On a Fox TV news broadcast Tucker Carlson noted that the coronavirus shutdowns have crushed huge parts of the economy. “Millions of Americans are out of work. But at least one person has become extremely rich, richer than any man in history. Just yesterday Jeff Bezos made $13 billion in a single day” – from a stock market surge. That’s to be expected, replied Sean Hannity: “People who make money provide goods and services that people need and desire. It’s called freedom, capitalism.”

The on-air exchange illustrates a difference of opinion on the vast gap between the very rich one per cent and the less affluent and struggling ninety-nine per cent, an inequality beyond any other in U.S. history. Today’s top salaries would defy belief even a generation ago. It’s hard to keep track of the climbing salaries, but it looks as if Safra Catz, CEO of Oracle (computer services), is on top, at least until tomorrow, with an annual $103 million.

Current CEO’s make as much as 1000 times what their employees earn, leading to questions of both fairness and good business. Abigail Disney of the founding Disney family raised the issue of Disney CEO Robert Iger’s $65.6 million salary. Surely half of that could be distributed to employees, she advised, without harming the company. Iger took the hint. He settled for a more modest $47.5million.

Today’s CEO’s are worth it, claims an article in Time magazine. There’s a blossoming of innovative firms with a global reach that needs leaders to match. Would that include Dennis Muilenberg, CEO of Boeing, who presided over the launching of the poorly designed 737 Max aircraft that resulted in two crashes and the loss of 346 lives? Families of the victims were outraged that he was removed from his job but left with a tidy $30 million in compensation.

Economic inequality leads to political inequality, supposedly the antithesis of democracy. In its wisdom the U.S. Supreme Court has decreed that money is the equivalent of speech to be used as freely as words in politics. But a greater amount of money buys a greater number of words in political campaigns and also buys more influence with candidates. An example is billionaire Sheldon Adelson, President Trump’s biggest donor, who insisted on a U.S. withdrawal from an agreement with Iran that limited its nuclear activities and offered relief from economic sanctions. Trump obliged, adding more sanctions alongside.

Billionaire Gorge Soros adroitly shifted his funding from national politics to local, putting $52 million into races for sheriff, mayor or district attorney in various parts of the country. Some of his successful candidates then implemented his radical policies that abetted or ignored the rioting in targeted cities.

William Jennings Bryan, 1908 Democratic National Convention

The so-called Gilded Age in the late 1800’s was also a time of great inequality, though not as extensive as today’s. Labor strife, a struggle among classes led to the Populist and Progressive reform movements and notable leaders like William Jennings Bryan and Teddy Roosevelt, later U.S. President. Inequality was reduced by opening up the political system and providing more help for working people.

Today’s one per cent have managed to avoid serious challenge because their potential opposition is divided on issues involving race and social change. They are thus distracted from the most important cause of all. So the one per cent rest content and if anything, inequality increases.

A Polish Seaman Who Wrote for the Ages

At a time of uncertainty, what’s to read? There’s the consolation of religion, the Bible. Any number of thinkers have their proposals. And then, quite apart, is Joseph Conrad, the Polish-born English writer whose many novels and stories deal with uncertainty, a fact of life that is always with us he seems to say, a perpetual challenge to which we must somehow rise.

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Saving the Pelican Cafe

“Mom and pop perfection”… “Old Florida ambiance”… “a little piece of paradise.”  The Floridians assembled at the commissioners meeting in the coastal town of Stuart couldn’t be clearer. The Pelican Cafe is dear to them and must continue into the indefinite future, a treasure of the sunshine state that is hard to find elsewhere amid the speedy, haphazard development of a region that offers a respite from northern chill even if punctuated by the occasional hurricane. Continue reading “Saving the Pelican Cafe”

Cleopatra: Supreme Seductress and Creator of an Empire

Cleopatra is almost as well known today as she was when alive in the 50’s BC – the glamorous subject of prose and poetry, drama and film. A goddess of love, we are told, who seduced two of the Roman greats – Julius Caesar and Mark Antony – overlooking perhaps her profound influence on them and the politics of the time and to come. Continue reading “Cleopatra: Supreme Seductress and Creator of an Empire”

The Beaver Rage

Fashions change, thanks goodness. In 18th century London, no self-respecting gentleman would have been without his beaver hat, a much admired fur that also went into various articles of clothing and blankets. Given the profits involved, many adventurous Englishmen headed for the American West in search of this valuable prey, at the same time contributing to and sometimes leading the continental expansion. Continue reading “The Beaver Rage”

A Face of 3,000 Years Ago

In the late 1850’s in southern Mexico, a farmer was clearing his land when he hit an unexpected rock. What’s that doing there? He dug further – more rock – until he exposed a six-foot-tall stone sculpture of a head with an imperial, haughty expression as if rebuking this invasion of his hidden domain. Continue reading “A Face of 3,000 Years Ago”