Source: Liberal Currents
by Samantha Hancox-Li
“Occupy was a chaotic and leaderless movement, but their slogan was clear enough: ‘We are the 99%.’ The slogan provides an evocative diagnosis of what ails America. We are a land of tremendous material productivity and prosperity, but that wealth is being hoarded by a tiny minority. … The 99v1 story is compelling. But it is not the only picture of what ails us on offer in the contemporary political scene. According to this other picture, our problem is not inequality per se: it’s rents. A rent, in the economists’ peculiar language, is income earned not from real production but from mere scarcity.” (09/30/24)
https://www.liberalcurrents.com/its-not-the-one-percent-its-your-neighbors/