Q: What does "Third World America" mean?
From The Huffington Post. http://www.huffingtonpost.com/2010/08/24/what-is-third-world-ameri_n_693444.html
A third world country is one characterized by poverty, political instability and low standards of living. In a third world country there is no middle class, only an elite upper class living off
the fat of a predominant lower class.
Most of us were raised during to believe America is a first world country: one where we can own a house without the fear of a bank taking it away, where our children roam in safe neighborhoods
and where most of us can afford access to good health care and schools.
Unfortunately, America is heading towards a third world status. Consider these three indicators:
1. 26 million Americans unemployed or underemployed (as of July 2010).
2. 270,000 homes were repossessed by banks in the second quarter of 2010, up 38% from the year before.
3. 1.51 million people filed for personal bankruptcy during the 12 months ending June 30, 2010.
In Third World America, Arianna cites a number of alarming facts and figures that suggest
America's middle class is on the decline. For example:
- The multiple by which CEO pay exceeds the median income in America: 300 times (versus 26
times in 1973)
- The percentage of all income taken home by the wealthiest 10 percent in 2007: 49.7 -- the highest share recorded since 1917
- The percentage of financial wealth that, by 2007, was owned by the top 20 percent of Americans: 93
- The unemployment rate, by the end of 2009, for the bottom 10 percent of income earners: 31 (versus just 3 percent for those in the top 10 percent, earning $150,000 per year or more)
- The percentage by which the poverty rate grew in the suburbs of the largest metro areas in the United States between 2000 and 2008: 25 -- making the suburbs home to the country's biggest and most rapidly expanding segment of the poor
- The percentage of Americans born to parents in the bottom fifth of income who will climb to the top fifth as adults: 7
- The financial industry's share of domestic corporate profits just before the financial crisis hit: 41 percent (versus 21-30 percent in the 1990s and no more than 16 percent from 1973 to1985)
- Percentage of workers who have borrowed against their 401(k) plans, according to Fidelity Investments: 22
- The percentage of Americans who have less than $10K saved for retirement: 43
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Martha (Tuesday, 31 August 2010 20:49)
"What is a third world country?" And, how could that be applied to the U.S.? Very interesting questions.
In the U.S., wealth is increasingly in the hands of a very small number of people and is not spread throughout the population. Therefore, many more people than used to be the case are very poor. This brings the country closer to the profile of a 'third world country' than has been true in the past. Ms Huffington makes the case very well in this article.
I know that it is baffling to people who do not know this country that more and more people are poorer than they have been before. All of this is relative. Poor people here still enjoy some access to medical care, some assistance from the government and religious institutions and some other organizations who serve the poor.
Twenty years ago, I worked for a private agency in Detroit which distributed government surplus food to poor elderly people and to babies, their poor and pregnant mothers and to the mothers for one year after the birth of their child. One part of my job was to escort visiters on tours of our distribution center and other facilities. A man from a central African country was a guest, and I showed him through the food distribution facility. Many people were being served that day, the room was filled with people. Our guest from Africa said to me, "Excuse me, ma'am, but I do not understand. These people do not seem to be starving." I couldn't speak at first. Of course he was right. No one there was dying of hunger, no one was accompanied by a young child with kwashiorkor, people were not listless, and they waited patiently in line for food. They are among Detroit's poorest people, some of the poorest in the U.S., but they are not dying of malnutrition. Their health is terrible, they are vulnerable to disease, there are no jobs for them. It was - and still is - a terrible situation. But was it, is it now, like central Africa? No. Not at all. I apologized to our guest and I have never used the word 'hunger' in the same ways that I had before that day.
However, we have even more poor people now than we did twenty years ago, and the increase in their number is growing rapidly. Ms Huffington is sounding a warning that we are not safe because we are Americans. There must be more equitable distribution of wealth so that not so many people have nothing and a few people have more than any one person could use in a lifetime.
Wladimír (Friday, 07 September 2012 23:38)
nice post