Democracy in the Balance, Sojourners Magazine/August 2004

Democracy in the Balance, Sojourners Magazine/August 2004

Bill Moyers makes eloquent our cry of warning.

What has been happening to the middle and working classes is not the result of Adam Smith's invisible hand but the direct consequence of corporate activism, intellectual collusion, the rise of a religious orthodoxy that has made an idol of wealth and power, and a host of political decisions favoring the powerful monied interests who were determined to get back the privileges they had lost with the Depression and the New Deal. They set out to trash the social contract; to cut workforces and their wages; to scour the globe in search of cheap labor; and to shred the social safety net that was supposed to protect people from hardships beyond their control. Business Week put it bluntly: "Some people will obviously have to do with less….It will be a bitter pill for many Americans to swallow the idea of doing with less so that big business can have more."