The Beaten Masses: Confronted With Severe Financial Hardship, Why Do Americans Remain Passive? | David DeGraw

Comment by Mara Grace // Aug 12, 2011 at 12:01 am

Great article. My main critique would be to be careful throwing around the word “wealth” — be careful not to confuse wealth with an abundance of money (e.g. Federal Reserve Notes). Wealth is traditionally measured by things that, say, have value because limited in availability, or scarcity.

Money is the crop grown when fertilized with the resources taken from other areas of society (whether perishable commodities, fabricated merchandise, labor, or other natural resources). I submit that the “business” of making money off of money is much like conventional farming: It’s UNSUSTAINABLE. I am not referring to the small businesses that employ most of the people consuming the same goods they make or sell. I’m talking about the CEOs of giant corporations (like General Electric, that paid $0 taxes in 2010) that don’t really “give back” in any meaningful way.

Many of us on the bottom rung of society actually know what items are overpriced at a dollar store (as opposed to our average local retail grocery or department store). I fear more for those who have no concept of “value” and spend exhorbitantly on lavish novelty items when that same amount of money could have bought so much more for so many more people. Will they have any concept of how much money they’re wasting as their portfolio dwindles away on them? How will they live then?

I’m sorry to all the corporate “hefes” out there but you can’t have your jets, your boats, your luxury cars any more. Your greed for worldy desires is UNSUSTAINABLE. You have no true necessity for such things; the void in your heart cannot be filled with such in this lifetime and you certainly can’t take those things with you when your body turns to dust. I am taking away your toys because 1) I know for a fact you stole that bike from Jimmy down the street, 2) you don’t play well with others, and 3) that bike was made by hand in a sweatshop by a young child responsible for feeding his dozen or so brothers and sisters on the equivalent of $10 a week. It’s time you grew up and learned these things.

via The Beaten Masses: Confronted With Severe Financial Hardship, Why Do Americans Remain Passive? | David DeGraw.

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