In 2015, according to PSZ, the richest 1% of people in America received 20.2% of all the income in the nation. Ten points of that 20.2% came from equity income, net interest, housing rents, and the capital component of mixed income. Which is to say, 10% of all national income is paid out to the 1% as capital income. Let me reiterate: 1 in 10 dollars of income produced in this country is paid out to the richest 1% without them having to work for it.
Meritocracy, Franks argues, is the ideology that allowed Democrats to self-consciously claim the mantle of social justice and egalitarianism while subverting both. In this framework, one’s race, creed, color, gender, or sexual orientation shouldn’t matter when it comes to achieving success in America; what does matter is having the talent and ability to graduate from a place like Harvard Law. But at the same time, meritocracy demands inequality—not everyone, after all, can go to Harvard Law or become a doctor or a high-tech executive. In fetishizing meritocracy, therefore, the Democratic Party has embraced an ideology based on inequality.
Frank contrasts this ideology with the GOP’s more traditional plutocratic one. In the United States, as elsewhere, having a lot of money gives you power. But this “hierarchy of money,” as he puts it, is rivaled by another: a “hierarchy of merit, learning, and status.” The lawyers, doctors, and academics who compose “the liberal class” (to use the journalist Chris Hedges’s term) have erected their own edifice of power—one that has also come to ignore the interests of working-class people and reproduced structures of extreme racism, particularly in the prison system.
In Melbourne, Australia, one in five investor-owned units lie empty, the report says; in Kensington, London, a prime location for rich investors, numbers of vacant homes rose by 40% between 2013 and 2014 alone. “In such markets the value of housing is no longer based on its social use,” the report says. “The housing is as valuable whether it is vacant or occupied, lived in or devoid of life. Homes sit empty while homeless populations burgeon.” …
Farha, 48, by background a human rights lawyer and anti-poverty activist, calls for a “paradigm shift” whereby housing is “once again seen as a human right rather than a commodity”. It is clear, she suggests, that the UN’s sustainable development goal of ensuring adequate housing for all by 2030 is not only receding, but without regulatory intervention to re-establish the primacy of housing as a social good, laughably optimistic. Continue reading
How to turn that around? Our campaign on Yemen has highlighted the catastrophic humanitarian crisis and the urgent need for a ceasefire. It has sought to give a platform to Yemeni civil society and described how Yemeni women are striving for peace. …
There were three main reasons:
- Precisely because governments that we had a degree of influence over were so complicit in the crisis, we had an exceptional opportunity to reduce the suffering in Yemen.
- Oxfam had been in Yemen for 30 years. We have a strong programme on the ground and we were one of the first NGOs to scale up operations in response to the intensifying conflict.
- Oxfam had campaigned for ten years for an Arms Trade Treaty which was designed to prevent the carnage caused by just these kinds of arms transfers.
So on our side, we had both legitimacy from our on-the-ground presence and moral clarity. We had a clear call that stirred passions and could be easily understood. People get the connection between arms sales and suffering. Continue reading
Comparing two five-year periods between 2007-11 and 2012-16, the volume of Chinese exports of major arms increased by 74 per cent. Its share of the global total of exports rose from 3.8 to 6.2 per cent, making it the third-largest supplier in the world, following the United States and Russia.
Unlike the US, which accounts for one-third of exports and supplies at least 100 countries, China delivered major arms to 44 countries, mostly in Asia and Africa. More than 60 per cent of China’s exports went to Pakistan, Bangladesh and Myanmar and another 22 per cent went to Africa.
China has also been expanding its market. In 2015, it exported type 90 multi-barrel rocket launchers to Peru, the first time Chinese weapons were used to equip Peru’s armed forces. A report released by the Pentagon last April estimated that China’s arms sales from 2010 to 2014 totalled about US$15 billion. Continue reading