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 Dilemma Of Loneliness
In the age of individualism (in Western countries at least), there is an increasing concern in regards to social isolation. We see this happening with the elderly, that are put away in retirement homes, deprived of interaction with children and grandchild…
Lecture 19 - Sales and Marketing; How to Talk to Investors (Tyler Bosmeny; YC Partners)
Keep talking. Okay, great. Um, so, okay, great. Thanks for having me. So, my name is Tyler. I’m the CEO of Clever, and what I want to talk today is about sales, and I have a little bit of insight into this. Um, I graduated college. I actually studied mat…
How To Get Rich In The 2024 Market Reversal
What’s up, Graham? It’s guys here, and 2024 is going to be out of control for investors. Like, just consider that in the last 12 months, the S&P 500 has already increased by a whopping 26% and broken through all-time highs. The housing market surged n…
The Real Meaning of Life
Life is hard. I bought a new pair of shoes the other day, walked outside into the rain, and ended up stepping into some mud. Now they’re ruined, and I’m bitter. But then I took a step back—not literally, of course—but I really thought about it, and I came…
Worked example finding area under density curves | AP Statistics | Khan Academy
Consider the density curve below. This density curve doesn’t look like the ones we typically see that are a little bit curvier, but this is a little easier for us to work with and figure out areas. They ask us to find the percent of the area under the de…
Distillation | Intermolecular forces and properties | AP Chemistry | Khan Academy
Let’s say that you have a solution where the solvent is water and the solute is what we would consider drinking alcohol or ethanol. So, this is our solution right over here. Let’s say that it is 10 percent ethanol, which is drinking alcohol, and let’s say…