Flourishing billionaires, racial divides. Finally, people seem fed up.
This in part explains why we’re seeing spontaneous protests nationwide, protests that, in their scale, racial diversity, anger and largely nonviolent nature, are unusual if not unique. I was in four cities recently — New York, Washington, Berkeley and Oakland — and there were actions every night in each of them. Meanwhile, workerswalked off the job in 190 cities on Dec. 4.
The root of the anger is inequality, about which statistics are mind-boggling: From 2009 to 2012 (that’s the most recent data), some 95 percent of new income has gone to the top 1 percent; the Walton family (owners of Walmart) have as much wealth as the bottom 42 percent of the country’s people combined; and “income mobility” now describes how the rich get richer while the poor ... actually get poorer.