The two most critical requirements for democracy are freedom of the press and an educated citizenry.
The one informs the people and brings government and power into the open. The other enables people to comprehend information and to discuss opinions without resorting to panic and violence.
Power elites have declared war on both requirements.
These include “big money” oligarchs, such as the people who gather around the Koch brothers, politicians who cater to the wealthy in exchange for campaign contributions and government officials who have come to identify with the corporate and financial interests they regulate.
Through acquisitions of newspapers and television outlets and intimidation of reporters, these power elites seek to turn the press into propaganda vehicles and to distort information.
The latest dust-up about the unscripted words of Pope Francis came this week when he tweeted, in Latin, “Inequality is the root of social evil.” Conservative Catholics had their underwear in a bundle, nervously tweeting away about the dangers of addressing complex issues on Twitter, and warning about thinking that “redistribution” would solve global inequities. Some feared this was giving Thomas Piketty’s new popular book, Capital in the Twenty-First Century, more press. Liberal Catholics were delightfully surprised, once again, and argued that the pope was doing nothing more than putting Catholic social teaching into a tweet.
Inequality is the root of social evil.— Pope Francis (@Pontifex) April 28, 2014
But this latest interchange, happening of course between Catholics in the global “North,” misses the real point.
Despite progress in defeating extreme global poverty, most Americans see no end in sight, according to a survey sponsored by Compassion International.
Christians who attend church at least monthly and consider religion very important in their life overwhelmingly (96 percent) expressed concern about the world’s poorest people. But they were skeptical that global poverty could be ended in the next 25 years. Only 41 percent of the group said it was possible.
And yet Scott Todd of Compassion International, the Christian nonprofit agency that sponsors 1.5 million children abroad, remains upbeat. He sees hope in the numbers of “practicing Christians” who express concern about poverty and a willingness to do more.
The United States hosts more than 23,000 payday lending stores, which outnumbers the combined total of McDonald’s, Burger King, Sears, J.C. Penney, and Target stores. These payday lenders do not make conventional loans as seen in most banks, but instead offer short-term loan amounts for short periods of time, usually until the borrower’s next paycheck, hence the name “payday loans.”
While some borrowers benefit from this otherwise unavailable source of short-term and small-amount credit, the payday lending business model fosters harmful serial borrowing and the allowable interest rates drain assets from financially pressured people. For example, in Minnesota the average payday loan size is approximately $380, and the total cost of borrowing this amount for two weeks computes to an appalling 273 percent annual percentage rate (APR). The Minnesota Commerce Department reveals that the typical payday loan borrower takes an average of 10 loans per year, and is in debt for 20 weeks or more at triple-digit APRs. As a result, for a $380 loan, that translates to $397.90 in charges, plus the amount of the principal, which is nearly $800 in total charges.