Portside

While inequality has become a topic of increased popularity and politicization in recent years, most of the attention has focused on how 1% own an increasingly large share of the world’s wealth, rather than on inequalities between nations. In a global context in which national borders and citizenship pose few barriers to the mobility of capital, the reality is also a story of the world’s richest nations continuing to reap a disproportionate amount of the globe’s profits.

Rising inequality is largely to blame for this electoral upset. Continuing with business as usual is not an option. People have lost their sense of security, status and even identity. This result is the scream of an America desperate for radical change. People have a right to be angry, and a powerful, intersectional left agenda can direct that anger where it belongs. Thomas Piketty and Naomi Klein offer up interesting analysis.

The experience in Latin America and southern Europe reveals perhaps a weakness of the left: the absence of a clear program to refashion capitalism and globalization for the twenty-first century. From Greece’s Syriza to Brazil’s Workers’ Party, the left has failed to come up with ideas that are economically sound and politically popular, beyond ameliorative policies such as income transfers.