Chris Hedges - Media

“The commercial media … help citizens feel as if they are successful and have met these aspirations, even if they have not. They tend to neglect reality (they don't run stories about how life is hard, fame and fortune elusive, hopes disappointed) and instead celebrate idealized identities – those that, in a commodity culture, revolve … Continue reading

Keeanga-Yamhtta Taylor - Economic Inequality

The essence of economic inequality is borne out in a simple fact: there are 400 billionaires in the United States and 45 million people living in poverty. These are not parallel facts; they are intersecting facts. There are 400 American billionaires because there are 45 million people living in poverty. Profit comes at the expense of … Continue reading

Adam Smith - Wages vs Profits

In regards to the price of commodities, the rise of wages operates as simple interest does, the rise of profit operates like compound interest. Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of … Continue reading

Matthew Desmond - Exploitation

“Every condition exists,” Martin Luther King Jr. once wrote, “simply because someone profits by its existence. This economic exploitation is crystallized in the slum.” Exploitation. Now, there’s a word that has been scrubbed out of the poverty debate. ― Matthew Desmond, Evicted: Poverty and Profit in the American City