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American Dream Now a Nightmare for Millions

Posted on Apr 20th, 2007 by diana nicholson : safe haven diana nicholson
Homeless
American Dream Now a Nightmare for Millions U.S. Census: One in Five Lives on Less than $7 per day By William Shanley New Haven, Connecticut (April 16, 2007) From Combined News Services and Evolution Solutions Newsroom – A 2004 analysis of data by the US Census reports that 60 million Americans now live on less than $7 per day. That's one in five in the U.S. living on less than $2,555 per year. At the same time, the richest 1 per cent now garners about 16 per cent of national income, double what they earned in the 1960s.[1] While global income inequality is probably greater than it has ever been in human history, with half the world's population living on less than $3 per day, and the richest 1% receiving as much as the bottom 57%, the fact that so many Americans are living on so little, is particularly confounding. The so-called “wealthiest, most abundant nation on Earth” now has the widest gap between rich and poor of any industrialized nation.[2] In light of the fact that one dollar spent in the Caribbean, Latin America and Asia buys what $3 or $4 does in the U.S means the quality of life for tens of millions of Americans is now on a par with huge populations living in the developing world. And there’s more bad news to report from here. There has been no increase in non-supervisory wages since 1972. Twenty-five million Americans now depend on emergency food aid.[3] This rapidly increasing trend is a brutal reminder of how the extreme political right has eviscerated the social safety net in the U.S. over the last 25 years. At a time when globalization is in full gallop, and its destructive effects are being felt in many working-class communities from Detroit to Connecticut, the national crisis is being exacerbated by the rising power and stature of a winner-take-all culture that celebrates greed and egotism by rewarding the super-rich at the expense of the poor. With only 6% of global population, the US consumes 25% of the world's resources. A profile of Connecticut, one of America's richest states, is quite revealing. It possesses islands of some of the greatest wealth in the world throughout Fairfield County, yet has three of America's ten poorest cities, Hartford—the capitol—Bridgeport and New London. The New Haven-Meriden corridor has the 7th greatest gap between rich and poor in the US–in close running with some of the Old South’s poorest and most segregated states, Mississippi and Alabama. Across the nation, the price of this economic dysfunction is an increase in the level of insecurity and pain for everyone, and there is almost no place left to live without encountering violent and non-violent crime, proliferation of drugs, guns, mental illness, lost hope, cynicism and corruption. At the same time, the middle class is being forced to bear the brunt of the economic cost for courts, police, prisons and welfare through taxes. While the median price of a home has doubled in the last five years, and with interest rates now on the rise, home foreclosure rates for first-time homebuyers are skyrocketing. Rents have followed suit, pushing millions more into economic hardship, poverty and homelessness. For too many Americans, the litany of violence, punishment and suffering seems unending, and the American Dream is now a uniquely Made-in-America Nightmare. Evolution Solutions, a young, New Haven, Connecticut-based Internet start-up, is stepping into the breach to help bridge the chasm by organizing and circulating the enormous untapped wealth via a peer-to-peer gifts and wishes pool called GiveGet Nation. The non-profit social enterprise has launched its beta 1.0 application and its founders are welcoming the public to take the system for a test drive (www.givegetnation.net). ”If we can attract a mere 1% of what people in Connecticut have stored in lockers, attics, closets and basements, for example–a 1% that they will likely never use again–we can begin to wright the course and provide promise and possibility to the weakest among us here in the richest state,” said founder William Shanley. “Everyone, no matter how rich or poor, has needs and resources. We provide a level playing field for everyone to participate in the infinite game of life through sharing.” “By beginning to circulate the limitless human product, labor, intelligence and spiritual capital of the world, we can transform it a little bit at a time,” said Timothy Wilken, MD, a Carmel, California-based general practitioner and synergy scientist. Dr. Wilken is William’s partner in the initiative and is the inventor of Giftegrity, a give and get synergy engine used in GiveGet Nation based on the work of the late genius Buckminster Fuller. “We not only provide a means to circulate lumpy items like goods, but our application also organizes and circulates work, intelligence and spiritual power to build, solve and heal. If you are retired and need a volunteer to rake your lawn, we can provide it. The same is true with professional counseling, engineering, medical and legal services. If you have artistic and spiritual interests and pursuits, you can post gifts and wishes in those domains, as well.” “To make a difference, it’s crucial that we get the message out and alert givers and getters to the opportunities and efficiencies afforded by participating in our person-to-person world of sharing,” William continued. “Unlike many other non-profits that use a condescending top-down model with large staffs and overhead, we’re are the action that makes the rubber meets the road, without having to go through a cadre of social practitioners to meet peoples needs.” US in Denial as Poverty Rises Next door to Yale, the bastion of privilege that turns out the land's leaders, lies a tent city of America's poor, huddled masses. PLEASE SIGN THE PETITION AND BE A HERO FOR ZERO POVERTY http://www.thepetitionsite.com/1/hero-for-zero-poverty
Access_public Access: Public 2 Comments Print views (825)  
tom : WaterOne
8 days later
tom said

Diana,
Nice summary of the unpleasant state of affairs. The “social safety net” has always been a concept that I seem to struggle with. I encounter so many people for whom various social services are assumed to be a ‘right’ or an expectation. The idea that most people should be able to support themselves – food, clothing and housing – seems like a given. Ideally only in extreme circumstance should we need the ‘safety net’. The ‘entitlement’ mind-set is frightening to me … nearly as much as the lack of a safety net in many places. In my own direct experiences, I encounter people whom I help out only to discover a short while later they expect more help, without trying to correct their own situation in the interim. But, the idea of losing a safety net inan avanced society in unthinkable!

By the way is that James McMurtry singing the song on your YouTube link?

The “foreclosure rates for first-time homebuyers are skyrocketing” sounds like a formula to drive more people into a spiral of poverty especially when linked to recent changes in the bankruptcy laws.

“the bastion of privilege that turns out the land’s leaders, lies a tent city of America’s poor, huddled masses”. I was in Madrid a few years back when my daughter got appendicitis and I got an “unexpected vacation” to be with her. There was a huge tent city for many months along one of the major roads of Madrid … based on the same lack of access to affordable housing, jobs, etc.

thanks for sharing your observations and thoughts

tom

Raf : Nourishment Economist
17 days later
Raf said

Interesting comments Tom. The strain between providing a safety net and not encouraging fecklessness has never been starker. I deal with people in debt and sometimes wonder how they managed to get themselves there.

Often they have purchased good on credit that maybe they could have done without (ie the latest tv or computer) when they could have bought a perfectly decent one second hand using money saved up for about 10-20% of the overall price they will end up paying.

On the other hand many people have barely enough to scrape by even when they are employed at the minimum wage. Rent, power, rates and other unavoidable costs are booming and why?

Because of the huge asset price inflation generated by banks boosting the money supply without check. Massive deflation in manufactured good has masked the terrible inflation prevalent in many major nations.

It is the same in the UK, Australia and here in New Zealand.


I am really starting to wonder where this is all heading.


Great post Diana. I think more and more its important to prepare for a potential meltdown in all our economies if at some point the credit bubble bursts. In a way 1999 was supposed to bring an end to the 70 year wave of expansion since the 1929 crash but the crash of 2000/01 was offset by the huge surge in the money supply. The bankers had learnt the lessons of the 1930s. But the underlying problems are exacerbated each and every day.


I am starting to believe that nothing less than a completely new money system is going to help build a fair and just society. One where money is purely a mechanism for exchanging goods and services and not a vehicle for speculation or usury.


thanks again for the depth in your post.

blessings


raf

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