Forget About Income Inequality: Bloomberg

Don’t touch the wealth of the wealthy. We hear that message, dozens of times each month, disguised in various ways by the Corporate media. We hear it despite the fact that wealth inequality has reached a greater extreme in our societies than at any time since the last revolutionary cycle, nearly three hundred years ago. The Top 0.1% now hoard as much wealth as the bottom-90% combined.

However, few of these don’t-touch-our-wealth messages have been as obvious or insipid as Bloomberg’s latest effort. The latest brainwashing is couched in the loftiest of headlines:

The Wisdom to Know Which Causes of Inequality Can Be Changed

Ironically, the article itself points out one of the primary reasons why income/wealth inequality continues to worsen in our societies, despite reaching historic extremes:

Yet even income inequality turns out to be surprisingly ill-defined. It is a melting pot into which we throw wealth inequality, wage inequality, inequality of opportunity, inequality of political power, and often rigidity of socioeconomic class.

Yes, whoever should be explaining and defining “income inequality” to the masses as it reaches the worst extremes in history has been doing a terrible job. Oh wait, that would be the mainstream media – entities like Bloomberg. After Bloomberg accidentally points out its own deliberate failure to explain/define the heinous economic injustice which exists in our societies, we get the feigned concern about this injustice.

Yet no matter how hard we stir, these things cannot all be made into a single issue called “inequality.” They do not arise from the same sources, nor would they be eliminated by the same solutions. Fixing one will not necessarily fix another, and there is no comprehensive solution that will fix them all.

Sadly (nudge, nudge, wink, wink), we cannot fix all of these heinous injustices, so we need to have the “wisdom” to know which of these problems we should even attempt to solve, and which we should just continue to ignore, presumably forever. At this point we immediately get to the hard-core propaganda.