An excerpt from Rev. William Barber’s “The Economy Doesn’t Work for Most Americans,” an article published in The Guardian this week.
One hundred and forty million poor and low-income people in America are a $400 emergency away from not being able to pay their bills next month. That’s 43.5% of the population in the world’s richest nation. While Democrats have championed the middle class and Republicans have promoted tax cuts and corporate welfare, poor people have not heard their names in American public life for the past 40 years, even as the gap between the rich and the poor has grown to levels of inequality we haven’t seen since before the Great Depression.
While both parties work to energize and mobilize their base, it is no accident that the single largest voting bloc in American politics is not those who voted Republican or Democrat in the last presidential election, but those who did not vote at all. Roughly 100 million Americans who were eligible to vote in 2016 didn’t cast a ballot. In 2018, while many celebrated a historic turnout for a midterm election, the numbers of those who didn’t participate were still higher.
It is imperative that we understand poverty is being set up to be mined by global investors through predatory pay for success finance. These markets designed to speculate on the life outcomes data of poor people has been seeded by vulture-philanthropies. We are moving towards a financialized welfare state where vulnerable populations will be mined for their “impact” data in a landscape of surveillance and militarized policing. All of this infrastructure has been laid out with bipartisan support. I spoke about this new “social impact” machine at the Left Forum yesterday. This is all real. They are just working on scaling it at this point via digital identity systems. https://wrenchinthegears.com/2019/06/26/pay-for-success-finance-preys-upon-the-poor-presentation-at-left-forum-6-29-19/