It’s official. A new report from an economist at the University of California, Berkeley, shows that the US now has the greatest income inequality in the last 100 years. In addition, from 2009-2012, income for the top 1% increased by 31.4%, while the average increase for all others was .4%. Justice Louis Brandeis famously said “We can either have democracy in this country or we can have wealth concentrated in the hands of a few, but we cannot have both.” Clearly, we are losing our democracy to the great concentration of wealth at the top. But it doesn’t have to be that way.
The choice is not between capitalism and state socialism. We can have economic democracy. Alex Jackimovicz will tell us how in a talk entitled Economic Democracy in Action: The Crisis of Capitalism and the Movement for Economic Democracy. Alex is a co-founder and organizer with the Alliance for Economic Democracy (AED), which presented a national conference last year in Madison, WI. Alex was a featured speaker and coordinated a track of workshops. He is focused on local economic development and numerous social and economic justice campaigns. He is a graduate of the University of Massachusetts, Amherst and works as a licensed master electrician in mid-coast Maine.
The talk and discussion will take place at the Blue Hill Public Library on Friday, Oct. 4 at 7 pm, in the Howard Room. The event is hosted by the Alliance for Democracy Downeast. There will be refreshments, and all, including skeptics, are welcome.