Moral Outrage
Whew! God help us!

Life on Two Dollars a Day in Third World America

The U.S. is beginning to look like the Third World. Latest poverty statistics that show the number of American families with an income of less than two dollars per person per day more than doubled between 1996 and 2011, from 636,000 to 1.46 million. Note, those are households, not people.

The number of children, alone, who were in extremely poor households rose from 1.4 million to 2.8 million between 1996 and 2011.

These income figures exclude benefits in kind such as food stamps and charitable assistance. Still, a cash income of barely sixty dollars a month plus food and a few hand-me-down garments donated via a community church is hardly enough to enjoy the American way of life, as that term has come to be understood.

How is it that a country with a per capita GDP of $48,100 has a such a large and growing number of extremely poor citizens? The answer may be complex, but a critical factor is globalization, a momentous transformation of the World’s economy set in motion by the 1994 GATT agreement, which opened the West to competition with the teaming masses of Asia where hundreds of millions of workers are sweated for pennies an hour. The result, a tsunami of cheap stuff from the Rest to the West … which wiped out a million Western manufacturing companies and tens of millions of Western manufacturing jobs.

What this means is that income differentials in the West between the 1 percent and the 99 will be about what we see today in Calcutta or Shanghai, not the relatively egalitarian distribution that all of us who grew up in the West during the early post war period took to be a natural, necessary and permanent economic arrangement.

[Excerpts of Can Speccy blog article]

Advertisements

One Response to “Life on Two Dollars a Day in Third World America”

  1. It will only change when the mass of middle class western citizens cease to vote for the corrupt elite (and I do not think they will) or the underclass (who do not normally vote) rise up, go on the streets and create mass bloodshed. I think it will be the latter.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: