Contrast 1968, when the CEO of General Motors took home, in pay and benefits, about sixty-six times the amount paid to a typical GM worker. Today the CEO of Wal-Mart earns nine hundred times the wages of his average employee. Indeed, the wealth of the Wal-Mart founder's family in 2005 was estimated at about the same ($90 billion) as that of the bottom 40% of the US population: 120 million people.
Tony JudtUnlike memory, which confirms and reinforces itself, history contributes to the disenchantment of the world.
Tony JudtWe need to start talking about inequality again; we need to start talking about the inequities and unfairnesses and the injustices of an excessively divided society, divided by wealth, by opportunity, by outcome, by assets and so forth.
Tony JudtI worry that we have forgotten that the de-ideologized, de-politicized, uncontentious public space of the last 50 years as Europeans have experienced it is not the normal human condition. We shall be sorry to have abandoned a little too quickly the institutions that were set up by our parents and grandparents to protect themselves against a return of the bad old world. Because the bad old world can still come back to haunt you.
Tony Judt