Yesterday, I was struck by a photo of a woman reduced to living in a box car with nothing but a bed b/c of the devaluation of the Zimbabwean currency after the required dollarization imposed by IMF. The story of the link between growing poverty and inequality resulting from dollarization is hardly new. It is one of the many truths of how late/global capitalism both exacerbates existing and creates new inequalities in resource rich nations. In the same way this story is often left to be told by grassroots organizers and so-called “fringe” lefties and radicals, the story of increasing inequality under the global economic crisis is also falling by the waste side as we worry about the endurance of banks and corporations. The reason seems simple: if we look at what is happening to the elderly, the sick, women, children, ethnic and racial minorities, and the queer communities, etc. we can no longer talk about this moment as unexpected and unique.
I don’t want to spend a lot of time on words with this, I think the images speak for themselves. So I am going to be posting several in the next few days with the captions from the original BBC News site on:
(protest in Chile where the government responded by tear gas in the crowd)
- Zimbabwe pensioner with her useless savings/Katie Holt