Category Archives: Buddhist doctrine

The Costs of Economic Inequality: Social, Political, and Moral

by Charles W. Elliott

U.S. is most wealth unequal Gandhi once famously said: “Earth provides enough to satisfy every man’s need, but not every man’s greed.” Over the past decade, we have witnessed an unprecedented grab of wealth—with its associated power and influence—by a few at the expense of everyone else. This increasing concentration of wealth for a few in the face of continuing struggles of poor and middle class families just to make ends meet is the consequence of public and economic policies that favor private interests over the public good. This inequality corrupts our political system.  And it ultimately corrodes social cohesion and threatens widespread unrest.

Most people do not have a true perspective of the gross inequality in our economic systems. Fewer still understand its corrosive effects. As writer Michael Lind observed in his article “To Have and to Have Not”[1]:

 The American oligarchy spares no pains in promoting the belief that it does not exist, but the success of its disappearing act depends on equally strenuous efforts on the part of an American public anxious to believe in egalitarian fictions and unwilling to see what is hidden in plain sight.

Continue reading

Advertisements