In my last
column I wrote that I thought that “income inequality” was the biggest problem
and threat that our society was currently facing. An example of how large the
income gap really is is the fact that the top 10% of wage earners receive 50%
of all income. The inequality is exacerbated if you factor in race, with Blacks
and Hispanics getting the short end of the stick. Another major factor is
higher education, the more you learn the more you earn.
Why do I think this problem is a
“threat” to our society? It’s not that I think there will be a violent revolt,
the “unwashed” masses will not rise up and kill off the oppressors. I think the
militarization of our local police forces has pretty much eliminated that
threat. What I fear more is the breakdown of “civil society” because of the
desensitization towards the plight of the less fortunate and the anger towards
the more fortunate.
That breakdown is already happening;
just listen to the rhetoric coming out of Washington. How about here locally,
how is it that we have homeless encampments down by the creek? And I’m not
asking how we allowed them to camp there; I’m asking how we allowed them to
become homeless in the first place? Or at least that’s the question as a
society we should be asking. Isn’t one of the goals of a society to look out
for the safety and wellbeing of all its members?
So how do we make the system more equal without tearing it
all down and starting over (not that we really have that option)? And exactly
what system are we talking about? One of the main systems that need changing is
our current model of Capitalism with its primary focus on the accumulation of
wealth at any cost. Now as I’ve said before I tend to lean left towards
Socialism but that doesn’t mean I don’t like money or the things it can provide,
like food, shelter, and entertainment.
What if we could find a compromise or hybrid system? A system
that still allows us to earn money and own things but also allows us to be
socially responsible. Kind of like an economic Prius, you use fewer natural
resources, feel good about it, and still get where you want to go. Well there
is, it’s a movement towards what’s being called “Social Capitalism”.
So what is Social Capitalism and how do we participate? One
definition is: A socially minded form of capitalism, where the goal is
making positive social improvements, rather than focusing entirely on
accumulating capital. It is a utilitarian form of capitalism with a social
purpose. Any action that lifts up the bottom while still respecting capitalism,
liberalism, individualism, and democracy, any “social form” of “capitalism” is
social capitalism. In a nutshell it’s using the free
market (your dollars) for the greater good of society. Many of you are already
doing it by installing solar panels, driving a hybrid car, and buying organic
foods or by boycotting businesses like Chick-Fil-A, and Walmart. It’s also
about where you invest or don’t invest your time and resources.
So philosophy and economic theory is all well and good but how
can any of this help us with the social discontent that’s festering because of
income inequality? The first thing we need to do is rethink the whole “greed is
good” mentality. We are seeing a little of that in the way that ‘Pharma Bro’
Martin Shkreli was vilified after astronomically raising the prices (for no
good reason) of the drugs his company sold.
We also need to stop blaming the poor for their lot in life.
We need to be more empathetic because so much of where we all are in our
socio-economic standing is just the luck of the draw. Some are born a Trump and
some are born a Dump, we don’t get a choice. We may not get to choose our
social birth place but what we do get here in America is opportunity, and it’s
that opportunity that needs to be equalized for us to fix the problem of income
inequality.
To view the column in it's original form go to page 17 of the following link. Winters Express 9/28/17
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