In his State of the Union Speech, President Obama said, “Today, after four years of economic growth, corporate profits and stock prices have rarely been higher, and those at the top have never done better. But average wages have barely budged. Inequality has deepened. Upward mobility has stalled. The cold, hard fact is that even in the midst of recovery, too many Americans are working more than ever just to get by; let alone to get ahead. And too many still aren’t working at all.” Obama was forced to mention wealth inequality because the real disparity that has caused rising poverty and hunger, but his overall message was still one of “if you work hard enough, you can get ahead,” rather than an honest focus on the structural causes of the wealth divide and how to reduce it. To have this conversation, we’ve invited Glen Ford of Black Agenda Report and labor economist Jack Rasmus. We look at the state of the wealth divide, its causes and its remedies. For more information, see ClearingtheFOGRadio.org.
This post was originally published on Clearing the FOG with co-hosts Margaret Flowers and Kevin Zeese.