The Parallel Parliament

Glen Pearson

Posts tagged “wealth

Who Says the Rich Create the Wealth?

Posted on November 14, 2013

Like many of you, I really get into TED talks – the series of brief videos that run the gamut of everything we find interesting in this world.  And more and more of these talks have been centering on the idea of income inequality and its effects on nations around the world.  It’s the old argument about the 1% and the rest, but with an increasing number of economists and researchers weighing in on how it destroys our capacity to grow and respond as citizens, companies, and nations. Venture capitalist and millionaire entrepreneur, Nick Hanauer, wrote an op-ed for Bloomberg News that went hyper-viral.  It talked about how it’s not the wealthy that create jobs and prosperity but the delicate link between companies and…

Fishtown

Posted on November 5, 2013

Ever heard of Fishtown?  Charles Murray, author of “The Bell Curve,” has been arguing for as long as people would listen that poverty involves much more than just an economic predicament.  The longer people are trapped in it, he reasons, the more poverty drains the moral and ethical depths of modern society.  He believes it all started in the 1960s, when fundamental trusts – self-restraint, family, personal responsibility, faith, politics and country – began to be undermined.  The result has been a kind of social deterioration that situates people living in poverty beyond the normal restraints of low-income and in depleted communities that no longer have the resolve to deal with such situations in the complex manner they deserve.  Just providing even a basic…

Preparing For Survival

Posted on October 15, 2013

It wasn’t all that long ago that even Friedrich Engels spoke of how wealth could lift the economic burden from millions: Anarchy in social production is replaced by systematic, definite organization.  The struggle for individual existence disappears.  Then for the first time man, in a certain sense, is finally marked off from the rest of the animal kingdom, and emerges from mere animal conditions of existence into really human ones … It is the ascent of man from the kingdom of necessity to the kingdom of freedom.”  What can we say to all this now?  In a generation we have gone from thinking that wealth would increase in dramatic terms and that jobs would be available for everybody.  The first part has become the…

The Seven Sins

Posted on September 12, 2013

Just a few weeks before he was tragically assassinated, Mahatma Gandhi spoke of current troublesome trends that he eventually titled The Seven Sins: Wealth without work Pleasure without conscience Knowledge without character Commerce without morality Science without humanity Worship without sacrifice Politics without principles Over 60 years later, these seven blunders have been so institutionalized that they have been structured into modern society in ways that are endemic. Given the increased emphasis on the acquisition of wealth in these last two decades, the reality of people making money off of money as opposed to working with hands and minds has revolutionized the global economy and ostracized communities and entire countries in the process. The rise of the middle class following the Second World War…

More Than Money

Posted on September 9, 2013

In an earlier post we spoke of how the political terms “Left” and “Right” entered our lexicon a few decades ago and spoiled our politics ever since.  But those who use such language in an effort to divide us have also done quite a number on the term “middle class.”  They have taken a term that once described a movement, a new and energized entity in the progress of the human race, and turned it into an economic term.  In the process, they have robbed it of much of its imagination and rendered it as some kind of political jargon that hollows out its meaning. It’s easy to see both how and why it has happened.  With the escaping of accountability by the wealthy…

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