Democratic Values and Economic Inequality
Just when you thought the huge gap between rich and poor could grow no wider, the latest numbers come in. The average CEO now makes 326 times the salary of the average worker. The U.S. has the worse income inequality among industrialized nations. The economic gurus can’t explain why the richest country in the world has so many poor. Are vast disparities in wealth consistent with democratic values?
Manning Marable, a renowned scholar, was professor of public affairs, political science, history and African American studies at Columbia University. His syndicated column “Along the Color Line” appeared in over 400 newspapers and journals worldwide. He’s the author of many books including How Capitalism Underdeveloped Black America, Living Black History, and his masterwork Malcolm X: A Life of Reinvention. Manning Marble died in New York in 2011.