Data released by the anti-poverty charity Oxfam suggests that the world’s wealthiest 80 people are on track to own more than the poorer half of the world’s population (some 3.5 billion) by 2016. That’s not a reflection of a glitch in our economic system, says David Harvey, professor at the City University of New York. That’s our economic system at work; indeed, that’s our economic system in “recovery.”
Distinguished professor of anthropology and geography at the CUNY Graduate Center, Harvey argues that poverty and inequality can’t be explained away or blamed on personal problems, or what President Obama in his State of the Union address called the “loopholes that lead to inequality.” Inequality is what our economic system produces, and the cost of it can be measured in the despair many feel, and in our bitter relationships to ourselves, each other and the planet.
“It’s almost impossible to…
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