"Decades after Depression-era reforms, Wall Street fought successfully to deregulate the , paving the way for the 2008 financial crash that caused millions to lose their homes and livelihoods. And the ultra-rich and big corporations have also managed to dominate our campaign finance system, making it easier for them to buy off politicians who commit to rigging the rules against the poor and the environment, and to suppress voting rights, making it harder for the poor to fight back. … Key to these rollbacks: controlling the narrative about who is poor in America and the world. It is in the interest of the greedy and the powerful to perpetuate myths of deservedness—that they deserve their wealth and power because they are smarter and work harder, while the poor deserve to be poor because they are lazy and intellectually inferior. It’s also in their interest to perpetuate the myth that the poverty problem has largely been solved and so we needn’t worry about the rich getting richer—even while our real is full of gaping holes. This myth has been reinforced by our deeply flawed official measurements of poverty and economic hardship. The way the U.S. government counts who is poor and who is not, frankly, is a sixty-year-old mess that doesn’t tell us what we need to know. It’s an inflation-adjusted measure of the cost of a basket of food in 1955 relative to household income, adjusted for family size—and it’s still the way we today."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
William Barber II, The Real Epidemic is Poverty (March 30, 2020), '
https://en.wikiquote.org/wiki/Plutocracy
Revision History
No revisions have been submitted for this quote.
Categories
Plutocracy
25 quotes on TrueQuotesView all quotes by Plutocracy →
Related Quotes
"Dynastic wealth, the enemy of a meritocracy, is on the rise. Equality of opportunity has been on the decline. A progr…"
"If wealth, power, and income continue to concentrate at the very tippy top, our society will change from a capitalist…"
"The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is bette…"
"Many economists would have you believe that their field is an objective science. I disagree, and I think that it is e…"
"We’ve been saturated with cultural images and a kind of cultural deification of wealth and those who have wealth. The…"
"The whole notion of the free market, laissez-faire capitalism, globalization; is a very thin rationale for unmitigate…"
"The American President and his Plutocratic clique have mocked us as the Have-nots — that is true, but the Have-nots w…"
"Woe to those who make unjust laws,"
"I hope we shall take warning from the example and crush in it's birth the aristocracy of our monied corporations whic…"
"The United States is the wealthiest nation in the history of the world, yet millions of American families have had to…"