Tag Archives: economic conditions

(21) Rising inequality: OECD data

The Organization for Economic Cooperation and Development produces a host of data directly useful for assessing social conditions.  Do we need a supercomputer to connect rising inequality and the stacked economic gains of the rich with suburban poverty and downward mobility?

Notes for individual countries are found on the OECD site (.pdf files):

Better than many for a long time but no reason to be smug: Canada
Faltering after some improvement: United Kingdom
Forget it, only Turkey & Mexico are worse for income inequality: United States
Some improvement but could do better: Australia

(20) Can the middle class & the suburbs be saved?

The mass appearance of one begat the other and so we find the fate of the middle class and the fate of suburban life conjoined in a fashion that would have given Eng and Chang Bunker a good fright.  You could not have had one without the other.  Moving forward into the Long Emergency and a world of expensive petroleum, general resource depletion, traumatic economics, badly impaired credit/financial systems and shock doctrines we may end up losing much of both suburbia and its most loyal customers.  Leave it to The Atlantic Monthly to be a source of timely content for us yet again.
Can the Middle Class Be Saved?
“The Great Recession has accelerated the hollowing-out of the American middle class. And it has illuminated the widening divide between most of America and the super-rich. Both developments herald grave consequences. Here is how we can bridge the gap between us.”Atomic Weapon Test 1940s - Operation CrossroadsElizabeth Warren is an academic expert with a specialty in credit law and consumer debt/bankruptcy issues.  She was in the documentary Maxed Out and the link below takes you to a presentation she gave in 2008.  57 minutes that will open your eyes.  If you have the stomache for the details of the destruction of the middle class in America block out the time.  Seriously, this wonderful, articulate, compassionate and very smart woman should be the president of the USA, not that nice, utterly feckless Obama guy.
The coming collapse of the middle class
YouTube 57:38

(15) Tipping point: 2008 [The Atlantic Monthly]

It looks like 2008 was the tipping point for suburban poverty.  In that year of crashing global trade and high financial disaster awareness of suburban poverty started going mainstream.  It had always been there of course but joblessness, the mortgage bomb and the high cost of energy mean more people are sharing in it.  Media coverage of reports from the Brookings Institution and ongoing coverage of unemployment and foreclosures made for some grim reading for Americans.  The socio-economic and structural arrangements of suburban living appear to be contracting all over the United States and in other communities around the world.  One of the most substantial pieces representing this awareness of great change ran in The Atlantic Monthly in March of 2008.  This feature article shows just how timely and powerful good magazine journalism can be.  Required reading if you want to know where it’s all going.
The Next Slum? The subprime crisis is just the tip of the iceberg.
Fundamental changes in American life may turn today’s McMansions into tomorrow’s tenements.