The real source of their anger is that their country has been hijacked by unrestrained corporate greed that has no loyalty to any people or any nation, the U.S. of A. included. The oligarchs are running the show, including their hate radio and TV, and the deepening chasm between the haves and the used-to-haves will not be addressed by blaming gays or feminists or abortion doctors or minorities or immigrants or even teachers.
The people of Egypt, from the dock workers to the cabbies to the university professors, have come to realize this in a blaze of insight that began with one street vendor in Tunisia who, at the end of his rope and his chances, set himself ablaze in a fiery metaphor that has lit up the entire Middle East.
The Tunisian people and the Egyptian people are sick of seeing their children with bad food, bad educations, and worse futures. They are tired of the jet-setting elite parading their unearned privilege in disrespectful mockery of their hardships. They are done with the plutocracy and the dictatorship by the obscenely rich.
Guess what? The income disparity in Egypt or Tunisia is not as extreme as it is in the U. S. This is what the Tea Partiers don't get. Yet. When they do, and when they realize their progressive neighbors are suffering from the same undemocratic rule by the Oligarchs, then, perhaps, democracy will break out here once again. Accompanied by tar, feathers, and rails long enough to extend to the island sanctuaries where the mega-rich CEO bloodsuckers have stashed their stolen loot.
. . . .One of the driving factors behind the protests is the decades-long stagnation of the Egyptian economy and a growing sense of inequality. “They’re all protesting about growing inequalities, they’re all protesting against growing nepotism. The top of the pyramid was getting richer and richer,” said Emile Hokayem of the International Institute for Strategic Studies in the Middle East.
As Yasser El-Shimy, former diplomatic attaché at the Egyptian Ministry of Foreign Affairs, wrote in Foreign Policy, “income inequality has reached levels not before seen in Egypt’s modern history.” But Egypt still bests quite a few countries when it comes to income inequality, including the United States:
According to the CIA World Fact Book, the U.S. is ranked as the 42nd most unequal country in the world, with a Gini Coefficient of 45.
– Tunisia is ranked the 62nd most unequal country, with a Gini Coefficient of 40.– Yemen is ranked 76th most unequal, with a Gini Coefficient of 37.7.– And Egypt is ranked as the 90th most unequal country, with a Gini Coefficient of around 34.4.
The Gini coefficient is used to measure inequality: the lower a country’s score, the more equal it is. Obviously, there are many things about the U.S. economy that make it far preferable to that in Egypt, including lower poverty rates, higher incomes, significantly better infrastructure, and a much higher standard of living overall. But income inequality in the U.S. is the worst it has been since the 1920′s, which is a real problem.
Currently, the top one percent of households make nearly 25 percent of the total income in the country, after they made less than 10 percent in the 1970′s. Between 1980 and 2005, “more than 80 percent of total increase in Americans’ income went to the top 1 percent.”
According to the latest data, “the gaps in after-tax income between the richest 1 percent of Americans and the middle and poorest fifths of the country more than tripled between 1979 and 2007.” And there’s even a stark divide within that one percent. “The share of the nation’s income flowing to the top one-tenth of 1 percent of households increased from 7.3 percent of the total income in the nation in 2002 to 12.3 percent in 2007,” the Center on Budget and Policy Priorities noted.
Yale economist Robert Shiller has said that income inequality “is potentially the big problem, which is bigger than this whole financial crisis.” “If these trends that we’ve seen for 30 years now in inequality continue for another 30 years…it’s going to create resentment and hostility,” he said. But tax and spending policies that provide adequate services and allow for economic mobility — along with a robust social safety net — can head off trouble that may come down the road.