Posts Tagged ‘the gap between rich and poor’

Saving Capitalism

November 7, 2011

It’s good to know that the huge problem of the immense and growing gap between the rich and the poor and the shrinking middle-class is not being ignored in Columbus.

For one thing, The Banquet on the Bridge organization held its fifth annual banquet on Dillingham Street Bridge Sunday.  According to the WRBL report, a thousand people showed up, a lot of them homeless and underprivileged.  The idea is for a social that mixes the affluent with the less than.  It’s one way of recognizing the growing income gap. (I have no idea why the Ledger-Enquirer ignored this story. Just  attracting a thousand people to a banquet on Dillingham Street Bridge  should have been enough to report why.)

Then tomorrow (Tuesday, 11/8/2011), prominent  Columbus attorney, and old Jaycee acquaintance of mine (the Jaycee thing was about 50 years ago) Mort Harris is going to speak on The Growing Gap Between the Rich and the Poor: A Political, Economic, and Moral Delima What it means for America. That’s at 12:30 to 1:30 p.m. at the Spencer Event Hall at the International House at Columbus State University.  I plan to be there.

Meanwhile, you don’t have to wait until then to hear an engrossing lecture by  Richard Wilkinson on the issue. You can catch it by going to the TED website; just click on this link.

It’s a really crucial issue.  When wealth becomes so concentrated that it adversely affects great masses of people, the  stage is set for revolution, the kind we had when Theodore Roosevelt and his distant cousin Franklin D. Roosevelt were elected president. Thank goodness, for the most part, neither of them were violent.  Teddy – the  Teddy Bear is named for him – who was a devoted capitalist embarked on a program to save capitalism by reforming it, thereby giving average and poor folks a larger piece of the economic pie. FDR, saying he was inspired by cousin Teddy’s reformation, pledge to do the same thing.

We’ll get into more on that in future posts. Feel free to join the discussion. Just click on the comments button  and let fly.