yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

How inequality destroys the future by focusing on the past | Timothy Snyder | Big Think


3m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

So starting with the objective part, with the facts, the United States is a country which is among the least equal in the world. According to Credit Suisse, which is a Swiss bank and not some kind of crazy left-wing organization, we are second in the world in wealth inequality after the Russian Federation.

In the United States since the 1980s basically 90 percent of the American population has seen no improvement in either wealth or income. Almost all the improvement in wealth and income has been in the top ten percent, and most of that has been in the top one percent, and most of that has been in the top .1 percent, and most of that has been in the top .01 percent.

This means that not only are people not moving forward objectively, but the way they experience the world—and this is very powerful—is that other people are on top. So, if you and I have the same thing over the course of 30 years, but we watch as our neighbor suddenly has 20 times as much, we’re not going to say “Everything’s fine because we have the same.”

We’re going to say “Gosh, our neighbor has more than we do, and has so much more than we do he could probably reach in and take everything we have away,” which is, of course, true—and that’s the condition that people call oligarchy.

So the politics of inevitability says “the market has to lead to democracy, and therefore there’s no reason to correct for what the market does.” If you don’t correct what the market does, if you don’t support trade unions, if you don’t build up some kind of a welfare state, if you don’t support public education and so on, then you’re going to have a situation where citizens spread apart in wealth and spread apart in income, which is what’s happening.

And that, in turn, may be the most powerful way that the politics of inevitability breaks into the politics of eternity. Because if there is massive inequality of wealth and income, individuals and families no longer think “I’ve got a bright future.” They no longer believe—and this is something Mr. Trump got right, even if he has no solution and he’s making things worse on purpose—they no longer believe in the American dream, and they’re correct not to do so.

If you were born in 1940 your chances of doing better than your parents were about 90 percent. If you were born in 1980 your chances were about one in two, and it keeps going down. So wealth inequality means the lack of social events, it means a totally different horizon, it means that you see life in a completely different way.

You stop thinking time is an arrow which is moving forward to something better, and you start thinking, “Maybe the good old days were better. Maybe we have to ‘make America great again,’” and you get caught in these nostalgic loops. You start thinking “it can’t be my fault that I’m not doing better, so whose fault is it?”

And then the clever politicians instead of providing policy for you provide enemies for you. They provide language for you with which you can explain why you’re not doing so well. They blame the Other, whether it’s the Chinese or the Muslims or the Jews or the blacks or the immigrants, and that allows you to think “Okay time is a cycle, things used to be better, but other people have come and they’ve taken things away from me.”

And that’s how the politics of inevitability becomes the politics of eternity: wealth inequality, income inequality are one of the major channels by which that happens. So one of the fundamental problems with our American right-wing “politics of inevitability” is that it generates income-and wealth-inequality and it explains away income and wealth inequality.

And so you get this cycle where objectively people are less and less well-off, and subjectively we keep telling ourselves this is somehow okay, because in the grand scheme of things this is somehow “necessary,” when it’s not...

More Articles

View All
The REAL potential of generative AI
You’ve heard of large language models like Chat GPT, Chat GPT, Chat GPT, Chat GPT. They can answer questions, write stories, and even engage in conversation. But if you want to build a business that uses this technology, you’ll need to ask yourself an imp…
The Truth: How To Buy Real Estate With No Money and No Credit
What’s up, you guys? It’s Graham here. So, I used to joke that when I first started making YouTube videos, the most common question I would get is, “Hey Graham, can you teach me how to buy real estate with no money down, no credit?” Oh, and by the way, I’…
The Law You Won't Be Told
On a jury, you know your options: guilty, or not. But there’s another choice that neither the judge nor the lawyers will tell you—often because they’re not allowed to, and also it might be better if you don’t know. This video will tell you that third choi…
Life After Death
We’ve had to talk about death a lot in the past few years. Whether as referring to the number of casualties in a war or as the number of victims of a virus, although we primarily discuss it within the context of our society, we understandably still keep d…
Housing Expert: “Why Home Prices Will Crash In 2026”
What’s up you guys, it’s Graham here, and we got to talk about what’s happening with housing prices. Because despite record high values, constant increases, and the worst affordability in 40 years, there’s actually some good news in that a few major housi…
Varying Definitions of “Awesome” | StarTalk
So, what do you, you’re impressed that food can come out of a machine? Hot, hot food! You press a button, you just… It’s like a real vending machine that you would get chips from. But instead, it’s like all these burgers, and they taste disgusting. But th…