Greed drives out decency

GREED by Julian Edney

There are now more than 200 billionaires. Some five percent of American households have assets over $1 million. And we’re back to levels of extravagant consumption not seen for 100 years (5). By historical accounts this is a nation of persistent and resilient people with an unshakable mission: the pursuit of happiness. This idea of happiness is largely connected with wealth (and this connection has long philosophic roots). It is a nation of ambitious people with notions of unfettered future growth, a nation that celebrates abundance. There seems to be no reason anyone should be deprived of luxury, if he works hard. Indeed with this country’s aggregate wealth, there should be no reason anyone should ever go hungry or suffer.
People are going hungry in America. A Department of Agriculture survey found 3.9% of the population, or 4.4 million American households, sometimes go hungry for lack of money (6).
Estimates are that 3 out of 10 Americans will face poverty sometime in their lives (7).
Misery is a word seldom applied to the contemporary scene. Like wretchedness it seems antique, an Old World term. But many Americans live in cold, dank slums; many do not earn enough for shelter, many sleep outside. In America’s inner cities and at its lowest levels, under freeway bridges and in tubercular alleys, in stained and broken rooming houses and in torn-apart schools, misery exists and persists. All our largest cities contain neighborhoods where some people live day to day in apartments that could be mistaken for closets, some fearing to leave home on gang-terrorized streets, some sharing bus seats with people with drug-scarred arms. Every great metropolis has its skid row mired in fecal gutters, where whole blocks are awash in narcotics and violence, its inhabitants despised and flatly abandoned.
America is once again a nation of extremes.