On December 19, 2012, The Atlantic published an article by David Rohde, Kristina Cooke and Hianshu Ojha which states:
Massachusetts, home to America’s best schools and best-educated workforce, has seen income inequality soar. Why? The poor are losing an academic arms race with the rich.
When Puritan settlers established America’s first public school here in 1635, they planted the seed of a national ideal: that education should serve as the country’s “great equalizer.”
Americans came to believe over time that education could ensure that all children of any class had a shot at success. And if any state should be able to make that belief a reality, it was Massachusetts.
With the exponential shift from necessary labor to unnecessary labor as non-human productive capital means of producing our products and services occurs, education, except for those with skills to create innovation and engineer invention, will not have the demand that it has had, because “machines” will do the work far more efficiency and better. This is why the question question that requires an answer is now timely before us. It was first posed by binary economist Louis Kelso in the 1950s but has never been thoroughly discussed on the national stage. Nor has there been the proper education of our citizenry that addresses what economic justice is and what ownership is. Therefore, by ignoring such issues of economic justice and ownership, our leaders are ignoring the concentration of power through ownership of productive capital, with the result of denying the 99 percenters equal opportunity to become capital owners. The question, as posed by Kelso is: “how are all individuals to be adequately productive when a tiny minority (capital workers) produce a major share and the vast majority (labor workers), a minor share of total goods and service,” and thus, “how do we get from a world in which the most productive factor—physical capital—is owned by a handful of people, to a world where the same factor is owned by a majority—and ultimately 100 percent—of the consumers, while respecting all the constitutional rights of present capital owners?”
Support the Capital Homestead Act at http://www.cesj.org/homestead/index.htm and http://www.cesj.org/homestead/summary-cha.htm
http://www.theatlantic.com/business/archive/2012/12/the-decline-of-the-great-equalizer/266455/
