At its root, the discussion of what to do about inequality is a discussion of moral values. It’s about dignity and respect for ourselves and one another. And certainly, it’s about money.
On this front, Hamilton doesn’t mince words. “If we’re going to talk about a middle class and economic security, we need to talk about wealth,” he said. “And if we look at wealth, we know wealth is both the beginning and the end of economic insecurity or security. It’s not just wealth as an outcome, it’s what wealth can do for your life.”
Studying the distribution of wealth in the United States has been the main focus of Hamilton’s career. His seminal work is in the creation of an entire field of study on inequality — stratification economics, he calls it.
Hamilton, with his frequent co-author and mentor Dr. William “Sandy” Darity, has published groundbreaking studies on the racial wealth divide, including one cited by Elizabeth Warren that showed that average black households in Boston own just $8 in wealth.
While cable television may be ignoring the unchecked rise of inequality, it’s clear that Sanders has found a way around this obstacle. People are listening and getting engaged and, as poll after poll shows, they want something done about it.
The massive online following Sanders developed during his presidential campaign has given him the Midas touch on social media, with each video and article he shares reaching millions of viewers. Perhaps, with a little competition, the corporate television execs will shift away from ignoring the poor to embracing solutions to poverty.
Perhaps the balance of power might shift with them.
This piece was originally published in Inside Sources.