Showing posts with label capitalism. Show all posts
Showing posts with label capitalism. Show all posts

Monday, July 27, 2015

Growing inequality

CapitalRising Inequality; Rising Levels of Poverty (still!) – Let’s At Least Have Some Meaningful Conversations About This

News item: the number of children below the poverty line is now greater than it was in the great recession of 2008  (More US children living in poverty than before recession: report).
Indeed, the distribution of wealth is too important an issue to be left to economists, sociologists, historians, and philosophers. It is of interest to everyone, and that is a good thing. Refusing to deal with numbers rarely serves the interests of the least well-off.
Read on to learn more and to be engaged in CitySquare's important, Urban Engagement Book Club during the remainder of 2015!
 
 

Monday, January 26, 2015

Inclusive capitalism?

A good, relatively new friend sent me a message that read in part:

I just emailed to you a column from the NY Times talking about “inclusive capitalism.”  Reading it made me think of your concept of the wealth of the poor.   .   .   .  The fact is that the poor and the middle class have been hammered for too long and there must be a way for them too to share in the wealth they are helping to create.  If our capitalistic society cannot create wealth for the vast majority of our people, then at some point our people will reject it, which would be a disaster.  The secret to our success has been that those who hold the levers of wealth have been far sighted enough to understand that unfettered capitalism will over time devour itself, so balance must be struck with government regulation.  We have managed to do that most of the time, but the balance is now frayed.  Regulated capitalism makes the most sense, because capitalism is the very best way to engineer wealth in a democracy.  We need to keep it that way.

All the best to you in the new year.
 
You can read the article he refers to here.
 
Reactions???

Tuesday, September 23, 2014

Banning books in Highland Park

Of course, the headline caught my eye:  Highland Park ISD suspends seven books after parents protest their content.

As I read on, the report really grabbed me. 

I mean, one of the  authors of one of the banned looks on the list spoke for CitySquare several years ago at a prayer breakfast!

Our guest speaker on that occasion, David Shipler, one of best ever, wrote the now classic and still bestselling, Working Poor: Invisible in America. 

Here's the quote from The Dallas Morning News regarding this particular book: 

"One of suspended books — The Working Poor: Invisible in America, written by Pulitzer Prize winner David K. Shipler — is about Americans in low-skilled jobs who struggle because of economic and personal obstacles. Some parents objected to the nonfiction book because it has a passage about a woman who was sexually abused as a child and later had an abortion."

While it is none of my business what these parents want for their children and while I'm not a taxpayer in the Highland Park ISD, I must say I find this action and concern, especially about Shipler's book, fairly surprising. 

Possibly, public demands like this one explain why we are making so little real progress on confronting, understanding and overcoming poverty in Dallas and across the nation. 

What do you think?

Friday, July 04, 2014

Freedom day. . .for what?

Today could be a day of national reflection on where we are actually headed.

Possibly this could be your reading for mediation today before you take in the local pyrotechnic display.

We must do better.

Thursday, June 19, 2014

The startling wealth gap in America

Thomas Piketty's new book, Capital in the Twenty First Century, will blow your mind. 

Income inequality may be the biggest domestic threat to the future of our nation and its democratic culture.

For a preview click here

Monday, March 03, 2014

James Baldwin on "Poster Children" outcomes

Krys Boyd, host of the KERA radio jewel, THINK, interviewed me earlier this week.  We talked about poverty and my assignment as chair of Mayor Mike Rawlings' new "Task Force on Poverty."  During the course of the interview, she asked me about the poor who battle through and "make it" to a better life.  I acknowledged that a very few do manage to find better lives on their own.  I call them poverty's "poster children."  The whole discussion reminded me of what James Baldwin once said about the idea.  He was quoted  in an Atlantic Monthly essay by Ta-Nehisi Coates.  

Here's what Baldwin said:

The people, however, who believe that this democratic anguish has some consoling value are always pointing out that So-and-So, white, and So-and-So, black, rose from the slums into the big time. The existence -- the public existence -- of, say, Frank Sinatra and Sammy Davis, Jr. proves to them that America is still the land of opportunity and that inequalities vanish before the determined will. It proves nothing of the sort. The determined will is rare -- at the moment, in this country, it is unspeakably rare -- and the inequalities suffered by the many are in no way justified by the rise of a few.

A few have always risen -- in every country, every era, and in the teeth of regimes which can by no stretch of the imagination be thought of as free. Not all these people, it is worth remembering, left the world better than they found it. The determined will is rare, but it is not invariably benevolent. Furthermore, the American equation of success with the big time reveals an awful disrespect for human life and human achievement. This equation has placed our cities among the most dangerous in the world and has placed our youth among the most empty and most bewildered. The situation of our youth is not mysterious. Children have never been very good at listening to their elders, but they have never failed to imitate them. They must, they have no other models. That is exactly what our children are doing. They are imitating our immortality, our disrespect for the pain of others.



Monday, March 21, 2011

Greed or Enterprise

Ran across this interesting essay written by Charles Kadlec and published in the on-line jouranl, Business Insiderlast week.  The column appears in a section tagged  "the Daily Reckoning." 

It's worth reading.  Let me know what you think after you've read it.  What do you make of his distinctions?

Enterprise, Not Greed, Creates A Better World
The Daily Reckoning
Mar. 16, 2011, 3:58 PM

Greed: The word itself has become central to the political debate over the budget, taxes, union benefits, what constitutes ethical behavior, and the shape of our society.

The problem is the indiscriminate use of the word has blurred its meaning.

Those on the left use the word as an epitaph against the successful as epitomized by Sen. Bernie Sanders “When is enough enough?” he asked in his impassioned plea for raising tax rates “on the rich.”

But at the same time, those on the right embrace “greed” as vital to the functioning of our economy. Economist Walter Williams, for example, wrote in his essay “The Virtue of Greed,” “It’s greed and not compassion that gets things done.”

This lack of moral clarity threatens our liberty. It destroys our ability to distinguish between theft and the pursuit of happiness; between vice and virtue, and undermines our ability to be a self-governing people based on the norms of ethical behavior.

To read the entire article click here.

Thursday, February 25, 2010

So, who's really made a "deal with the Devil" in impoverish, oppressed Haiti?

Shortly after the terrible Haitian earthquake, TV evangelist Pat Robertson declared that Haiti "had made a deal with the Devil."  To read my post regarding his absurd commentary go here

Earlier this week I discovered in an AP report published in The Dallas Morning News (Monday, February 22, 2010) that, in fact, a deal has been struck with the Devil in Haiti.   Trouble is Rev. Robertson, the Haitian people stand in the role of victims of the deal rather than partners.

Consider the facts of the Haitian economy: 

"Jordanie Pinquie Rebecca leans forward and guides a piece of suit-jacket wool and its silky lining into a sewing machine, where they're bound together to be hemmed.

If she does this for eight hours, she will earn $3.09.  Her boss will ship the pinstriped suit she helped make to the United States, tariff-free.  There a shopper will buy it from Jos. A. Bank Clothiers for $550."

Political leaders and economists argue today that the garment assembly industry could be the way out of extreme poverty for the beleagured island nation.  At the same time, everyone agrees that wages in Haiti in this sector and all others are far, far below a level that could lift anyone from poverty.  At the same time, unemployment in Haiti before the earthquake stood somewhere between 60 and 80%--so extreme as to defy careful or accurate measures. 

Welcome to the reality of unchecked capitalism in which markets function as the new agents of colonialism and imposed, systemic poverty for the benefit of the non-poor nations who masquerade as legitimate trading partners. 

So, who made "a deal with the Devil"? 

I'm thinking it was not people like Jordanie Pinquie Rebecca and her family.

No, the deal's much closer to home. 

You can read about it on the clothing labels in my overly-stuffed clothes closet.

You can find it described in the annual shareholders' reports that direct our eyes only toward the bottom line and away from the misery of those who support the system that pays us rich profits and dividends beyond anything fair, just or reasonable. 

I find these words from James 5:1-6 particularly indicting (forgive my slight edits):

Now listen, you rich people, weep and wail because of the misery that is coming upon you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. Look! The wages you failed to pay the workmen who [made your clothes and] mowed your fields are crying out against you. The cries of the harvesters [and the tailors] have reached the ears of the Lord Almighty. You have lived on earth in luxury and self-indulgence. You have fattened yourselves in the day of slaughter. You have condemned and murdered innocent men, who were not opposing you.

Friday, April 03, 2009

The Grapes of Wrath

CDM's Urban Engagement Book Club for April took a informative look at John Steinbeck's classic novel, The Grapes of Wrath.

Steinbeck won a Pulitzer Prize and the Nobel Prize for his efforts. Not a bad book to be reading in 2009.

Helpful background for Steinbeck's award winning work can be viewed here.

Randy Mayeux is our book synopsis guru and, as usual, he did a masterful job with the book.

The movie trailer for the 1940 film version of the novel is worth watching.




Speaking of our monthly book club, here is a glimpse into that experience. Our meetings create a dedicated space for conversation about important ideas, values and questions related to justice, urban concerns and the struggle of the poor in this nation and around the world. Every month, participants enjoy a simple meal, receive two pages of the key quotes from the book of the month, along with an outline of the contents. We hear a synopsis before engaging in a lively discussion.

If you are in Dallas on the first Thursday of each month, you need to check it out!



.

Tuesday, August 14, 2007

Labor and Capital


Labor finds itself on the short end of the American stick these days. Many factors contribute to this hard reality for working people. No society can thrive for long without a high view of the value of labor.

That's why I really like the recent "Walk a Day in My Shoes" campaign initiated by the Services Employees International Union (SEIU). Have you seen reports about this unique effort?

Through “Walk a Day in My Shoes,” SEIU invites presidential candidates to spend a day fully engulfed in the world of a ordinary American worker both at work and at home. It is all about making sure politicians experience the real world of American labor.is like for the rest of us.

In each case the workers expose the politicians to their daily lives and struggles that often make even the most routine tasks difficult. Forced to work second jobs, they have less time to spend with their families. They return home from work and just hours later have to get their kids off to school or day care on time and make it to their next job on time.

The common worries heard during these ventures into national reality include concerns about what happens to their savings (if they have any) if they or their children contract a devastating illness. Workers are anxious about becoming a burden to their kids if they can’t save enough for retirement. Most believe that the future facing their children will be even more challenging than what they have faced and endured.

The union believes that every candidate running for president needs to understand these worries, and feel them. The workers involved and those they represent expect real results on the issues that matter to them—a paycheck that supports a family, affordable health care, a secure retirement and a better life for themselves and their families.

“Walk a Day in My Shoes” is about making sure politicians truly know what the real world is like for millions of American voters. Only candidates who participate will be considered for an endorsement by SEIU.

Senator Barack Obama walked in the shoes of home care worker Pauline Beck on August 8th.

Senator Christopher Dodd walked in the shoes of Head Start teacher Colleen Mehaffey on July 26th.

Governor Bill Richardson walked in the shoes of family services worker Mark Fitzgerald on June 7th.

Senator John Edwards walked in the shoes of nursing home worker Elaine Ellis on April 11th.

Senator Hillary Clinton walked in the shoes of Las Vegas nurse Michelle Estrada yesterday.

Senator Joseph Biden and Gov. Mike Huckabee have accepted SEIU’s challenge and will be walking soon.

I like what one great American President said about the value of labor during his "Annual Message to Congress."

"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is superior to capital, and deserves much the higher consideration." (Abraham Lincoln, December 3, 1861 )

Ordinary workers should be respected, their voices and concerns heard, their needs and their contributions valued.




.

Friday, May 04, 2007

Shareholders versus a living wage

You likely read the story that broke a few weeks ago.

The headline in The Washington Post read "Circuit City Cuts 3,400 'Overpaid' Workers" (March 29, 2007, by Ylan Q. Mui, D01).

The electronics and entertainment retailer fired 3,400 employees across the country, or about 9% of the company's workforce. Circuit City said their reason was simple: all were "making too much money." The company reported that the terminated workers would be replaced by others who were willing to work for less. The company admitted that the firings were not related to performance, but were part of a strategy to "improve the bottom line."

"Retail is very competitive and store operations just have to contain their costs," said Jim Babb, a Circuit City spokesman. "We deeply regret the negative impact that was had on these folks. It was no fault of theirs."

Workers were provided severance pay. After ten weeks, if they are willing to work for less, all will be free to apply for any openings with the company. The terminations occurred on the same day as the announcement of the decision and all were told to leave the stores immediately.

Again, according to The Washington Post story, the firings, along with several other moves, are expected to reduce expenses for the electronics retailer by $110 million in fiscal year 2008 and $140 million a year starting in fiscal 2009.

Steven Rash, 24, said he was one of 11 workers fired at a Circuit City in Asheville, N.C. Rash said he has worked for the retailer for seven years where he reported that he earned $11.59 an hour and worked from 15 to 20 hours a week. Though he has a full-time job at a bank, he said he needs to find part-time work to help pay his student loans.

"It's not just a part-time job," he said. "It's about paying the bills."

According to the U.S. Bureau of Labor Statistics, the average hourly wage for retail salespeople was $11.14 in May 2005, the latest data available.

Following the round of firings, Wall Street responded favorably for Circuit City as shares closed at $19.23, up 31 cents, or 2 percent.

The on-going competition among Circuit City, Best Buy and Wal-Mart for customers drove this action by the big retailer.

How should I react to this story? I understand that businesses have to compete and make adjustments to turn a profit based on market forces and realities.

But, what about the workers? What about the families?

This incident parallels what we observe on a daily basis in the city. Hard working people find it more and more difficult to make a living, to earn enough to make life work for themselves and their families.

Who is to blame?

Ironically, most all of us are implicated.

We want cheap goods and services. As a matter of fact, for most of us, if we are honest, price is the number one consideration when it comes to making a purchase. We go to the stores where we can get the best deal without a thought about the means of production, delivery to market or the labor back of the product.

Further, most of us own a stake in the stock market. Our 401 k plans, our IRAs, our 403 b programs, all put us squarely in the game of bottom line watching and analyzing corporate strategy with little thought about labor.

I am wondering these days just how responsible such an approach, such a worldview really is?

I am also facing the fact that even though my faith has much to say about this, I find it fairly easy to ignore faith's directives in this culture of creature comforts and discount luxury.

Surely, there must be a better way. After all, what's more important to me, saving $15- $20 on a new flat screen or knowing that parents can do a better job of caring for their children?