Our economic system has been bent to serve one purpose: to build wealth for just a few. So it’s not surprising that it hurts the environment, creates unemployment, and denies people a fair share of the immense global prosperity.
What we need is an economic system that works for everyone, not just the rich. Here’s to an end to #ExtremeGreed, and a new commitment to widespread prosperity.
Dividing people and serving the rich are the goals of most political leaders. They love money more than people, and it’s easier than changing the system. Their tools are making people angry at each other and afraid. It keeps each group in a box, and isolates us from cooperating in a wider, shared society and prosperity. The way out takes personal effort: finding ways (in your life) to bridge the gaps between groups, and holding politicians and big corporations accountable for the mess their #ExtremeGreed has made of our world.
The changes that people need start with people changing how they participate in business, politics and community. The business and political leaders have long ignored the declining prosperity of hard working people, and allowed corporations to be the only voices heard. People have stayed hopeful, working more jobs for less income, and kept quiet by big screen TVs and fancy cell phones.
But now it’s clear that widespread prosperity isn’t coming soon, and that the people with the most money and power want even more of it.
The world needs more people involved and active in the issues and organizations at every level: city, province, state and country, to ensure that the needs of people are factored more seriously into business decisions and political plans. That takes people exploring the possibilities, sharing their skills and concerns, and working together for an inclusive economy and a safe environment.
Harvard philosopher T. M. Scanlon offers four key reasons why we should fix the problem of Financial Inequality.
1) Economic inequality can give wealthier people an unacceptable degree of control over the lives of others.
If wealth is very unevenly distributed in a society, wealthy people often end up in control of many aspects of the lives of poorer citizens: over where and how they can work, what they can buy, and in general what their lives will be like.
2) Economic inequality can undermine the fairness of political institutions.
If those who hold political offices must depend on large contributions for their campaigns, they will be more responsive to the interests and demands of wealthy contributors, and those who are not rich will not be fairly represented.
3) Economic inequality undermines the fairness of the economic system itself.
Economic inequality makes it difficult, if not impossible, to create equality of opportunity. Some will enter the workforce much better prepared, and people with few assets find it harder to access the first small steps to larger opportunities.
4) Workers, by cooperating to produce national income, have a claim to a fair share of what they have helped to produce.
If an economy is producing an increasing level of goods and services, then all those who participate in producing these benefits — workers as well as others — should share in the result.
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