Tag

Gilded Age

Nothing New Under The Sun … Except A Ray of Hope

By | #SaveBmore, External Monologue | 5 Comments

This past week or so, the ChangeEngine crew has been debating how to “save” Baltimore. This city, like many others, faces severe challenges, from crippling poverty to crumbling public schools to gun violence and blight. Many of these issues go far beyond the city itself, echoing much larger social and economic trends. The debate rages on as to what can free us from our plight — more bike lanes, get rid of the Baltimore Development Corporation, overhaul the tax structure with a hand grenade. But the truth is that the larger trends are difficult for one individual and maybe even once city to overcome, and that none of them are new.

America’s cities have been afflicted with poverty since the start of the industrialized age. This country has gone through at least four cycles of extreme inequality in that time. Rockefeller and the robber barons, their wealth adjusted for inflation, are still to this day the richest individuals that ever lived. They had more money than the Pharaohs of Egypt, Britain’s Royal Family, and many other historical figures most would consider extraordinarily wealthy and powerful. To give an idea of the wealth these men had: in 1893 the economy crashed, and J.P. Morgan bailed out the government. That’s right — a private individual bailed out the U.S. government. For all the spectacular wealth amassed by private individuals before the most recent financial crisis, it was the government that came to the rescue of J.P. Morgan Chase — the banking leviathan founded by J.P. Morgan himself. The roaring twenties caused inequality to balloon up once again, and the stock market crash of 1929 created another great glut of despair. We are at a similar point now. Not to get all Battle­star Galactica up in here, but “All this has happened before, and all of it will happen again.”

Or perhaps not. It’s true that we are approaching Gilded Age levels of inequality. Our social and economic system has created an enormous disparity in wealth not only between individuals, but also between local municipalities and cities. While “world cities” like San Francisco, Chicago, D.C., New York, and Boston have transformed themselves, rising out of seemingly irreversible chaos and decline in the 1970s and 1980s, others like Detroit, Cleveland, New Orleans, and of course Baltimore are struggling to attract new residents and find employment for those that remain, further perpetuating the crisis. But just because a cycle exists, doesn’t mean we can’t break it. In fact, that same dire history might show the very path to salvation. All hope is not lost. Our wretched circumstances may be just what we need to wake us from our slumber.

The economic crash of 1893 helped galvanize the first progressive movement. The 16th, 17th and 18th amendments were passed, allowing for the income tax, direct election of senators, and women’s right to vote. Democracy and equality rose from the excesses and collapse of the Gilded Age. Since we are now in an age quite similar — hell I will go as far to call it the Second Gilded Age — maybe we should take some cues from the past. We need to demand more accountability and transparency from our local governments, change our electoral laws so a person with only 25 percent of the vote cannot become the defacto winner of a council seat, and, most of all, pressure the federal government to live up to their end of the bargain and allow programs like Social Security to be extended or radically changed. We need to leverage the power of our online and offline social networks to rally around causes and create the transformative change that has so long eluded us.

True, some of these issues are bigger than Baltimore and need bigger solutions. But many of those larger solutions can start right here at home. More democracy, accountability and participation can save Baltimore, and might just save us all.

IMAGE CREDIT. [Wikimedia Commons].