Six years have passed since Occupy Wall Street called attention to one of the most vexing problems of our time: an abstract financial system that concentrates prosperity at the top, produces massive inequality and drowns working people in unpayable debts. It is worth noting that some of the largest Occupy encampments occurred in some of the most liberal cities: New York, Oakland, Los Angeles, Boston and Chicago among them. Indeed, it is difficult to reconcile how progressive leadership has been unable to address myriad social problems, income inequality chief among them. Case in point: In San Francisco, home district of Nancy Pelosi, the top 1 percent of earners take home 30.8 percent of the total income in the region. Almost every major coastal city is dealing with some mix of rapid growth, a housing affordability crisis, the displacement of poor residents and overburdened public infrastructure. The failure of progressive strongholds to address the problems liberals routinely decry is an indictment of the Democrats, their priorities, and their moral imagination when it comes to improving the material conditions for their supporters.
How do we confront these social challenges? Generally, that sort of thing costs money — which cities can …read more
Source:: Salon – Innovation