The Violence of the Broken Economy

The Violence of the Broken Economy

A lot of people have talked this week about violent political rhetoric bringing the US to a fever pitch, but there’s something else keeping people on edge: that’s economic catastrophe and despair.

Copy Link
Facebook
X (Twitter)
Bluesky
Pocket
Email

A lot of people have talked this week about violent political rhetoric bringing the US to a fever pitch, but there’s something else keeping people on edge: that’s economic catastrophe and despair.

As reporters spread out to talk to accused shooter Jared Loughner’s friends and neighbors, a picture has begun to emerge of a reality that rarely makes the front page. The Washington Post notes that fallout from the recession is visible on Loughner’s own block, where jobs have gone and the construction bubble’s burst. The New York Times describes the withdrawal of Loughner’s dad, who, they write, was "once more of a presence… as he went off to work as a carpet-layer and pool-deck installer."

The latest jobs report reminds us that one person’s recovery is another’s hollowed American Dream. Unemployment’s only going up for those who lost work recently. The ranks of the long-term unemployed are still rising. Especially for people in their fifties or early sixties, hope of ever finding a job again, let alone one that pays close to what they were making, has disappeared.

This isn’t bad for everyone, notes the Wall Street Journal. They quote Rick Hayduk, managing director of a resort, who calls it an “employer’s market,” noting the toll the recession has taken on people’s hopes. "We have been able to reevaluate some of our starting wages," he said.

When the option is working at a reduced wage, working at Starbucks, or giving up, many will accept the cut, it’s true. Workers are being squeezed from all angles, with union-busting governors, wage-slashing employers, and a tax-hiking Congress combining to put the pressure on.

And the tax deal squeezed through Congress recently holds another bombshell for lower-wage workers: the Center for Economic & Policy Research notes that 51 million of them will see their taxes rise. Is it any wonder that our political climate is so combustible?

In part thanks to all those interviews with neighbors, Jared Loughner’s being described as a nihilist. We’re no doubt in for loads of discussion of the destructive effects of believing in nothing. What we really need to start talking about in this country are the destructive effects of having nothing.

The F Word is a regular commentary by Laura Flanders, the host of GRITtv and editor of At The Tea Party, out now from OR Books. GRITtv broadcasts weekdays on DISH Network and DIRECTv, on cable, and online at GRITtv.org and TheNation.com. Follow GRITtv or GRITlaura on Twitter and be our friend on Facebook.

 
Like this Blog Post? Read it on the Nation’s free iPhone App, NationNow.
NationNow iPhone App
 

Time is running out to have your gift matched 

In this time of unrelenting, often unprecedented cruelty and lawlessness, I’m grateful for Nation readers like you. 

So many of you have taken to the streets, organized in your neighborhood and with your union, and showed up at the ballot box to vote for progressive candidates. You’re proving that it is possible—to paraphrase the legendary Patti Smith—to redeem the work of the fools running our government.

And as we head into 2026, I promise that The Nation will fight like never before for justice, humanity, and dignity in these United States. 

At a time when most news organizations are either cutting budgets or cozying up to Trump by bringing in right-wing propagandists, The Nation’s writers, editors, copy editors, fact-checkers, and illustrators confront head-on the administration’s deadly abuses of power, blatant corruption, and deconstruction of both government and civil society. 

We couldn’t do this crucial work without you.

Through the end of the year, a generous donor is matching all donations to The Nation’s independent journalism up to $75,000. But the end of the year is now only days away. 

Time is running out to have your gift doubled. Don’t wait—donate now to ensure that our newsroom has the full $150,000 to start the new year. 

Another world really is possible. Together, we can and will win it!

Love and Solidarity,

John Nichols 

Executive Editor, The Nation

Ad Policy
x