1. He said he wouldn’t bomb Syria. You bought it. Then he bombed Syria.
2. He said he’d build a wall along the border with Mexico. You bought it. Now his secretary of homeland security says “It’s unlikely that we will build a wall.”
3. He said he’d clean the Washington swamp. You bought it. Then he brought into his administration more billionaires, CEOs, and Wall Street moguls than in any administration in history, to make laws that will enrich their businesses.
4. He said he’d repeal Obamacare and replace it with something “wonderful.” You bought it. Then he didn’t.
5. He said he’d use his business experience to whip the White House into shape. You bought it. Then he created the most chaotic, dysfunctional, back-stabbing White House in modern history, in which no one is in charge.
6. He said he’d release his tax returns, eventually. You bought it. He hasn’t, and says he never will.
7. He said he’d divest himself from his financial empire, to avoid any conflicts of interest. You bought it. He remains heavily involved in his businesses, makes money off of foreign dignitaries staying at his Washington hotel, gets China to give the Trump brand trademark and copyright rights, manipulates the stock market on a daily basis, and has more conflicts of interest than can even be counted.
8. He said Clinton was in the pockets of Goldman Sachs, and would do whatever they said. You bought it. Then he put half a dozen Goldman Sachs executives in positions of power in his administration.
9. He said he’d surround himself with all the best and smartest people. You bought it. Then he put Betsy DeVos, opponent of public education, in charge of education; Jeff Sessions, opponent of the Voting Rights Act, in charge of voting rights; Ben Carson, opponent of the Fair Housing Act, in charge of fair housing; Scott Pruitt, climate change denier, in charge of the Environmental Protection Agency; and Russian quisling Rex Tillerson as Secretary of State.
10. He said he’d faithfully execute the law. You bought it. Then he said his predecessor, Barack Obama, spied on him, without any evidence of Obama ever doing so, in order to divert attention from the FBI’s investigation into collusion between his campaign and Russian operatives to win the election.
11. He said he knew more about strategy and terrorism than the generals did. You bought it. Then he green lighted a disastrous raid in Yemen- even though his generals said it would be a terrible idea. This raid resulted in the deaths of a Navy SEAL, an 8-year old American girl, and numerous civilians. The actual target of the raid escaped, and no useful intel was gained
12. He called Barack Obama “the vacationer-in-Chief” and accused him of playing more rounds of golf than Tiger Woods. He promised to never be the kind of president who took cushy vacations on the taxpayer’s dime, not when there was so much important work to be done. You bought it. He has by now spent more taxpayer money on vacations than Obama did in the first 3 years of his presidency. Not to mention all the money taxpayers are spending protecting his family, including his two sons who travel all over the world on Trump business.
13. He called CNN, the Washington Post and the New York Times “fake news” and said they were his enemy. You bought it. Now he gets his information from Fox News, Breitbart, Gateway Pundit, and InfoWars.
We have entered a phase of regression,and one of the easiest ways to see it is in our infrastructure: our roads and bridges look more like those in Thailand or Venezuela than the Netherlands or Japan. But it goes far deeper than that, which is why Temin uses a famous economic model created to understand developing nations to describe how far inequality has progressed in the United States. The model is the work of West Indian economist W. Arthur Lewis, the only person of African descent to win a Nobel Prize in economics.
In the Lewis model of a dual economy, much of the low-wage sector has little influence over public policy. Check.
The high-income sector will keep wages down in the other sector to provide cheap labor for its businesses. Check.
Social control is used to keep the low-wage sector from challenging the policies favored by the high-income sector. Mass incarceration - check.
The primary goal of the richest members of the high-income sector is to lower taxes. Check.
Social and economic mobility is low. Check.
Temin says that today in the U.S., the ticket out is education, which is difficult for two reasons: you have to spend money over a long period of time, and the FTE sector is making those expenditures more and more costly by defunding public schools and making policies that increase student debt burdens.
Even with a diploma, you will likely find that high-paying jobs come from networks of peers and relatives. Social capital, as well as economic capital, is critical, but because of America’s long history of racism and the obstacles it has created for accumulating both kinds of capital, black graduates often can only find jobs in education, social work, and government instead of higher-paying professional jobs like technology or finance— something most white people are not really aware of. Women are also held back by a long history of sexism and the burdens — made increasingly heavy — of making greater contributions to the unpaid care economy and lack of access to crucial healthcare.
How did we get this way?
What happened to America’s middle class, which rose triumphantly in the post-World War II years, buoyed by the GI bill, the victories of labor unions, and programs that gave the great mass of workers and their families health and pension benefits that provided security?
Around 1970, the productivity of workers began to get divided from their wages. Corporate attorney and later Supreme Court Justice Lewis Powell galvanized the business community to lobby vigorously for its interests. Johnson’s War on Poverty was replaced by Nixon’s War on Drugs, which sectioned off many members of the low-wage sector, disproportionately black, into prisons. Politicians increasingly influenced by the FTE sector turned from public-spirited universalism to free-market individualism. As money-driven politics accelerated (a phenomenon explained by the Investment Theory of Politics, as Temin explains), leaders of the FTE sector became increasingly emboldened to ignore the needs of members of the low-wage sector, or even to actively work against them.
Temin notes that “the desire to preserve the inferior status of blacks has motivated policies against all members of the low-wage sector.”
What can we do?
We’ve been digging ourselves into a hole for over forty years, but Temin says that we know how to stop digging.
If we spent more on domestic rather than military activities, then the middle class would not vanish as quickly.
The effects of technological change and globalization could be altered by political actions.
We could restore and expand education, shifting resources from policies like mass incarceration to improving the human and social capital of all Americans.
We could upgrade infrastructure, forgive mortgage and educational debt in the low-wage sector,
reject the notion that private entities should replace democratic government in directing society, and
focus on embracing an integrated American population.
We could tax not only the income of the rich, but also their capital.
We have a structure that predetermines winners and losers. We are not getting the benefits of all the people who could contribute to the growth of the economy, to advances in medicine or science which could improve the quality of life for everyone — including some of the rich people.”
Along with Thomas Piketty, whose Capital in the Twenty-First Century examines historical and modern inequality, Temin’s book has provided a giant red flag, illustrating a trajectory that will continue to accelerate as long as the 20 percent in the FTE sector are permitted to operate a country within America’s borders solely for themselves at the expense of the majority.
Without a robust middle class, America is not only reverting to developing-country status, it is increasingly ripe for serious social turmoil that has not been seen in generations.
