Interesting People mailing list archives

Let's wrench power back from the billionaires


From: "Dave Farber" <farber () gmail com>
Date: Mon, 15 Jan 2018 11:12:29 -0500



Begin forwarded message:

From: Dewayne Hendricks <dewayne () warpspeed com>
Subject: [Dewayne-Net] Let's wrench power back from the billionaires
Date: January 15, 2018 at 4:23:55 AM EST
To: Multiple recipients of Dewayne-Net <dewayne-net () warpspeed com>
Reply-To: dewayne-net () warpspeed com

[Note:  This item comes from friend Mike Cheponis.  DLH]

Let’s wrench power back from the billionaires
If we stand together against powerful special interests we can eliminate poverty, increase life expectancy and tackle 
climate change
By Bernie Sanders
Jan 14 2018
<https://www.theguardian.com/commentisfree/2018/jan/14/power-billionaires-bernie-sanders-poverty-life-expectancy-climate-change>

Here is where we are as a planet in 2018: after all of the wars, revolutions and international summits of the past 
100 years, we live in a world where a tiny handful of incredibly wealthy individuals exercise disproportionate levels 
of control over the economic and political life of the global community.

Difficult as it is to comprehend, the fact is that the six richest people on Earth now own more wealth than the 
bottom half of the world’s population – 3.7 billion people. Further, the top 1% now have more money than the bottom 
99%. Meanwhile, as the billionaires flaunt their opulence, nearly one in seven people struggle to survive on less 
than $1.25 (90p) a day and – horrifyingly – some 29,000 children die daily from entirely preventable causes such as 
diarrhoea, malaria and pneumonia.

At the same time, all over the world corrupt elites, oligarchs and anachronistic monarchies spend billions on the 
most absurd extravagances. The Sultan of Brunei owns some 500 Rolls-Royces and lives in one of the world’s largest 
palaces, a building with 1,788 rooms once valued at $350m. In the Middle East, which boasts five of the world’s 10 
richest monarchs, young royals jet-set around the globe while the region suffers from the highest youth unemployment 
rate in the world, and at least 29 million children are living in poverty without access to decent housing, safe 
water or nutritious food. Moreover, while hundreds of millions of people live in abysmal conditions, the arms 
merchants of the world grow increasingly rich as governments spend trillions of dollars on weapons.

In the United States, Jeff Bezos – founder of Amazon, and currently the world’s wealthiest person – has a net worth 
of more than $100bn. He owns at least four mansions, together worth many tens of millions of dollars. As if that 
weren’t enough, he is spending $42m on the construction of a clock inside a mountain in Texas that will supposedly 
run for 10,000 years. But, in Amazon warehouses across the country, his employees often work long, gruelling hours 
and earn wages so low they rely on Medicaid, food stamps and public housing paid for by US taxpayers.

Not only that, but at a time of massive wealth and income inequality, people all over the world are losing their 
faith in democracy – government by the people, for the people and of the people. They increasingly recognise that the 
global economy has been rigged to reward those at the top at the expense of everyone else, and they are angry.

Millions of people are working longer hours for lower wages than they did 40 years ago, in both the United States and 
many other countries. They look on, feeling helpless in the face of a powerful few who buy elections, and a political 
and economic elite that grows wealthier, even as their own children’s future grows dimmer.

In the midst of all of this economic disparity, the world is witnessing an alarming rise in authoritarianism and 
rightwing extremism – which feeds off, exploits and amplifies the resentments of those left behind, and fans the 
flames of ethnic and racial hatred.

Now, more than ever, those of us who believe in democracy and progressive government must bring low-income and 
working people all over the world together behind an agenda that reflects their needs. Instead of hate and 
divisiveness, we must offer a message of hope and solidarity. We must develop an international movement that takes on 
the greed and ideology of the billionaire class and leads us to a world of economic, social and environmental 
justice. Will this be an easy struggle? Certainly not. But it is a fight that we cannot avoid. The stakes are just 
too high.

As Pope Francis correctly noted in a speech at the Vatican in 2013: “We have created new idols. The worship of the 
golden calf of old has found a new and heartless image in the cult of money and the dictatorship of an economy which 
is faceless and lacking any truly humane goal.” He continued: “Today everything comes under the laws of competition 
and the survival of the fittest, where the powerful feed upon the powerless. As a consequence, masses of people find 
themselves excluded and marginalised: without work, without possibilities, without any means of escape.”

[snip]

Dewayne-Net RSS Feed: http://dewaynenet.wordpress.com/feed/
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