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Wealth and poverty in America
World Socialist Website (Repost)
* Five years after the financial crash of 2008, in the midst of growing poverty and social misery, the US ruling class is amassing unparalleled levels of wealth. * The 2012 income of the highest-paid of the CEO’s, Facebook’s Mark Zuckerburg ($2.27 billion), would be enough to pay the salaries of all 2,300 transit workers in the Bay Area (where Zuckerberg lives) for more than 16 years. Yet in the midst of the four-day strike that just ended, it was the transit workers who were denounced by the media and politicians as selfish and overpaid! * Two points must be made about the claims that “there is no money” to meet basic social needs. First is their obvious absurdity amidst the accumulation of personal wealth on a scale never before seen in human history.... Second, in implicitly acknowledging that the preservation of capitalism requires that the broad mass of the population give up everything that has been gained in the past, the representatives of the ruling class render a devastating judgment on their own economic system. * It is not a matter of appealing to the ruling class and its political representatives for reforms. The fact that the looting of society is an international phenomenon that continues despite its catastrophic consequences for the human race reflects the fact that it is objectively embedded in the nature of the capitalist system. * The historic task is to put an end to this system.

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