The overwhelming evidence
that capitalism is not benefiting the U.S. and most of the western world
comes from the capitalists themselves. For three decades, the middle
class in the U.S.
has been under a systematic degradation as manufacturing jobs that once
provided a living wage have been displaced by jobs that provide
less-than-subsistence wages.
We know that unemployment in
the U.S.
is much worse than the 7-some percent at which it has hovered for some time
because that figure does not include those who have given up looking for
work. Talk of immigration reform misdirects attention away from a huge
problem in Europe among the so-called
industrialized nations. Here is the most recent unemployment rates in the
European Union:
|
Country/Region
|
July 2012
|
June 2013
|
July 2013
|
Eurozone (17 countries)
|
11.5
|
12.1
|
12.1
|
Austria
|
4.5
|
4.7
|
4.8
|
Belgium
|
7.6
|
8.7
|
8.9
|
Cyprus
|
12.2
|
17.0
|
17.3
|
Estonia
|
10.1*
|
7.9
|
n/a
|
Finland
|
7.8
|
8.0
|
7.9
|
France
|
10.2
|
11.0
|
11.0
|
Germany
|
5.4
|
5.4
|
5.3
|
Greece
|
23.8**
|
27.6***
|
n/a
|
Ireland
|
14.8
|
13.9
|
13.8
|
Italy
|
10.7
|
12.1
|
12.0
|
Luxembourg
|
5.1
|
5.7
|
5.7
|
Malta
|
6.3
|
6.1
|
6.0
|
Netherlands
|
5.3
|
6.8
|
7.0
|
Portugal
|
16.0
|
16.7
|
16.5
|
Slovakia
|
14.0
|
14.4
|
14.3
|
Slovenia
|
9.3
|
11.2
|
11.2
|
Spain
|
25.4
|
26.3
|
26.3
|
|
|
|
|
European Union (28 countries)
|
10.5
|
11.0
|
11.0
|
U.S.
|
8.3
|
7.6
|
7.4
|
*Jun 2012 **May 2012***May 2013Source: Eurostat
|
|
|
|
Youth unemployment in Italy and Spain has spiraled, and academic
and journalistic organizations have begun surveying and tracking the
youth In those countries. Young people have largely given up looking for
work and those who find it possible have moved to other countries.
Young people who have found work in other countries have expressed
attitudes toward their homelands that portend some political upheavals that
threaten the current forms of governance. They think strongly that the
forces that have forced them to leave their homelands are the huge corporations
which in effect are the ruling powers that caused the recession--in some
countries a pronounced depression--and that those forces have reverted the
countries back to medieval status in which a few overlords exercise rule and
treat everyone else as serfs. The European Union has asserted that the
economic problems facing its member countries are a result of the profligacy in
social programs, which is evidently true to a point. But our
western governments are afraid to raise the matter of the role large,
global corporations are playing in the economic and social conditions in the
world.
I spent a good
portion of the summer in Illinois where
I heard and read much discussion of a kind that is absent in South Dakota.
A local PBS radio station, located on the campus where I received my B.A. and
later taught, has a discussion show. I listened to one on which a former
colleague appeared, along with professors from the campuses located in the
area. He is a retired professor of political theory and
practice. That is his official title. He spurns the term professor
of political science because he says the people who call themselves political
scientists have given science a bad name. The other participants were
from a Catholic University and a state university which
has established a large campus in the area. They represented the fields
of history, sociology, as well as political theory.
A point of discussion was
how young people perceived their
futures in a political context. It was a consensus
that the brightest young people are looking past the banalities that
comprise political discussion. One of the discussants has studied the
Occupy Wall Street movement and interviewed many of its participants. He
said that a striking aspect is that the young people are not accepting the
definitions of capitalism, democracy, socialism, and Marxism that previous
generations have passed down to them. They are a generation that is
skeptical of the old Cold War attitudes and rhetoric. They are examining
the world from the perspective of their own circumstances, and they do not see
that the current state of affairs offers them a future. They find that
the current economic state of America
is denying them opportunity, and they are looking for alternatives to a
system that is oppressing them economically with a consciousness of the
mistakes of the past. The Occupy Wall Street movement was criticized for
not having a clear agenda and an identifiable leadership. But young
people see those conditions as the fatal flaws that have created the situation
where the 99 percent of Americans have only 1 percent of the
wealth. They are working on collaboration and consensus as the keys
to effective governance in achieving true liberty, equality, and justice.
They dismiss the ranting about Marxism and socialism as ignorant cant and they
also disregard the liberal factions for being drawn into baseless and pointless
arguments.
My former colleague, who is
often a visiting professor on campuses, agrees that the most promising young
people are aloof but alert. All the accusations about Marxism, for
example, make them curious to know just what Marxism is. He says they do
not confuse Marx's social criticism with the Communist Manifesto and the Soviet
and Chinese brands of communism. They are finding that income inequality
in America
arises from those factors that Marx cited in his observations on class warfare,
but they do not see his solutions as effective or relevant. Rather, they
see that the form that capitalism has taken with global corporations as much of
a social failure as Soviet communism, and that American capitalism has
destroyed the equal opportunity and economic justice that were the
operative principles in the growth of the American middle class.
__________________________________________________________________________
|
Table 1: Income, net worth, and financial worth in the U.S. by
percentile, in 2010 dollars
Wealth or income
class
|
Mean household
income
|
Mean household
net worth
|
Mean household
financial (non-home) wealth
|
Top 1 percent
|
$1,318,200
|
$16,439,400
|
$15,171,600
|
Top 20 percent
|
$226,200
|
$2,061,600
|
$1,719,800
|
60th-80th percentile
|
$72,000
|
$216,900
|
$100,700
|
40th-60th percentile
|
$41,700
|
$61,000
|
$12,200
|
Bottom 40 percent
|
$17,300
|
-$10,600
|
-$14,800
|
From Wolff (2012); only mean figures are available, not
medians. Note that income and wealth are separate measures; so, for
example, the top 1% of income-earners is not exactly the same group of people
as the top 1% of wealth-holders, although there is considerable
overlap.
|
|
|
|
_______________________________________________________________________________
|
|
Marx has a new relevance
in examining the relationship of those who hold the wealth with the rest
of the people. Young people who are facing the paying of college debts
with jobs that hold them in a state of poverty represent the new workforce,
and they are experiencing the same forces that laborers did when unions
arose. In one way, said the discussants, it is a familiar situation in
American and world history. In other ways, it presents new factors and
situations to be confronted, and the current level of political discussion in
America
does not address the concerns.
The people on the
discussion show noted that young people who have moved out of their home
countries to find work do not find any reason for allegiance to their home
countries. They think that their future lies in the countries where
they can live their lives. This is not unlike, the discussants agreed,
the circumstance that caused the emigration to America. They posited the
question of what will happen when American young people see this as their
situation.
The professors said they
all experienced a critical restiveness in their most promising students, who
question if America
can once again be the land of opportunity. The political forces in America seem
oblivious to what is facing its prime-age workforce.
The GOP is irrelevant to
this group of young people. The Democratic Party seems too afraid of
the labels its opponents cast upon it to take the necessary decisive action
to restore the opportunity that once was America.
For the 46.5 million
people living in poverty and the millions being pushed into it, the
system proposed by Marx might seem superior to the one that is in control of
the economy. Those in control have found that they can make huge
profits without creating jobs and opportunity for a talented and educated
workforce.
To these people, the
system has convincingly demonstrated that the system does not work..
The future of America
is not in the hands of Congress or the political parties. It is in the
hands of those people in
the process of deciding what to do about America.
|