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alcibiades_mystery

(36,437 posts)
Tue Jun 4, 2013, 04:26 PM Jun 2013

In the Dead Zone of Capitalism: Lessons on the Violence of Inequality from Chicago

http://truth-out.org/opinion/item/16738-in-the-dead-zone-of-capitalism-lessons-on-the-violence-of-inequality-from-chicago

Americans are confronted daily with the violence of inequality. The rich have longer life spans, better health care, access to better educational opportunities and an abundance of food. [1] Many live in palatial homes in gated communities and wield a disproportionate amount of control and power over the major social, cultural, and political apparatuses that shape everyday life.[2] Unlike most Americans, the extravagantly rich are protected from the massive degree of violence produced by poverty, poor health, joblessness, inadequate social provisions, decrepit housing, unsafe neighborhoods, and even environmental disasters. While the superrich also live in an age of precarity due to the free-market economic models they support, they largely escape its consequences through the obscene amount of wealth at their disposal that enables them to buy private solutions to public problems.[3] As Naomi Klein points out, such wealth offers more than economic advantages. It also creates a world in which the penthouse and mansion set
protect themselves from the less savory effects of the economic model that made them so wealthy. In the past six years, we have seen the emergence of private firefighters in the United States, hired by insurance companies to offer a ‘concierge’ service to their wealthier clients, as well as the short-lived ‘HelpJet’—a charter airline in Florida that offered five-star evacuation services from hurricane zones [whose ad shamelessly states]: ‘No standing in lines, no hassle with crowds, just a first class experience that turns a problem into a vacation. [4]

The corrupt bankers, hedge fund managers, and financial services elite who caused the housing crisis and the economic recession of 2008 have little fear of finding themselves homeless or in debt, a fate suffered by millions of Americans, especially young people. The hedge fund managers who pour millions into charter schools as a first step towards privatizing them don’t worry about draining valuable resources from public schools because their kids only attend the most elite and expensive private schools, and they also get a hefty return from such investments as a generous tax credit. [5] Transferring wealth from the public to the private sector has become a sport rather than a liability - a despicable act of looting the public treasury that is viewed strictly as a financial transaction divorced from any sense of civic duty or ethical consideration. The ultra-rich do not have to worry about being unemployed, even though their search for profits produces austerity policies that put millions out of work. [6] In this instance what emerges is a savage form of casino capitalism along with an army of walking dead zombies who celebrate a narcissistic hyper-individualism that radiates a near sociopathic lack of interest in other people and civic life. For the new financial elite of the second Gilded Age, the challenges of a global world are private, not collective, and can only be addressed by pursuing one’s own desires, financial interests, and security.

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Jesse Sharkey, vice president of the Chicago Teachers Union, who is helping lead the campaign against school closings, has argued that Emanuel’s claims that school closings are necessary to save money and will better serve students are a sham. According to Sharkey, both rationales are outrageous. As far as saving money, the district is planning - or the city is going to spend - $300 million to renovate a new stadium for the DePaul basketball team and the tourist areas of the city; we don’t believe the school closings will save that much money. And we definitely don’t think that this will actually help the students who are being affected. In all the previous rounds, we found that the University of Chicago research shows that over 90 percent of the students actually wind up with worse educational outcomes as a result of their schools being closed. So, this will be very harmful to the students. It’ll be harmful to the public school system as a whole, and to the people who work in the schools, as well

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