We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Thursday, March 7, 2013

The kids will be rich, unless Peter Peterson’s kids take their money

Click here to access article by Dean Baker from Real-World Economics Review Blog.

This liberal economist make a very good point about income distribution under capitalist class rule. Of course, he doesn't frame it that way. And, the headline to this article, while somewhat reassuring, is not supported by the factual content that he supplies. Even in the unlikely event that Social Security and Medicare programs are not cut, we will still see a further concentration of income distribution into the hands of the rich at the expense of the poor--just not as much.
...everyone should be screaming that workers have not been seeing the gains of productivity growth in the last three decades. This is exactly right. The wages of most workers have barely risen since 1980 because the vast majority of the gains from growth have gone to those at the top of the income distribution.

This is worth repeating a few hundred million times. Most workers have seen little benefit from growth because the gains have gone to those at the top.