Tag: economic power

Power Play

Perhaps you didn’t notice when a national political leader said that America was entering the “Decade of the Hispanic.”

You can be forgiven, because the speaker was Henry Cisneros, and he wasn’t talking about our current decade. He was talking about the 1980s.

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Remember, Envy Is a Deadly Sin

“There’s class warfare, alright. But it’s my class, the rich class, that’s making war. And we’re winning.”

—Warren Buffett

Eat the rich!

—Aerosmith

In Manlio’s Argueta’s gripping novel, One Day of Life, soldiers of a repressive Central American government beat and abuse poor villagers. The peasants’ crime, as one militaristic thug puts it, is that “they don’t love the rich.”

It’s a rather harsh reaction to expressing displeasure with the ruling class. We haven’t come to that in the United States, at least not yet.

Still, the concept of class warfare, invoked primarily by right-wing politicians, holds that middle-class and poor people are simply jealous of rich individuals, or that they are being riled up to hate the wealthy.

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Climbing Out of the Hole

As of right now, America still has a functioning economy. We’re not sure if we can pay all our bills, of course, and maybe China will just take ownership soon and have a fire sale on things we never use, like national parks and the state of North Dakota.

But for now, we’re still standing. That fact means different things to different people, however.

For example, the gap between Hispanics and prosperity has rarely been so vast.

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Crystal Clear

Just a short drive from my apartment in Los Angeles stands a monument to religious excess.

It is the Crystal Cathedral, built back in the 1970s when an evangelical preacher named Robert H. Schuller had a great idea to rake in the parishioners. All he had to do was spend millions on an architectural marvel that undermined everything the Bible says about modesty and humility.

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You Can’t Kill Optimism

With hope, this is the last post I will write about the Great Recession. Like every American, I cannot say goodbye and good riddance quickly enough to this horrific period of economic malaise.

By the way, is the word “malaise” ever used in any context other than economic? But I digress.

The past few years have been, to use sophisticated analytical terms, a total financial clusterfuck. And yes, Latinos were hit harder than most.

I’ve written before about the sky-high unemployment rate among Hispanics and plummeting rates of remittances to Latin America and general economic depression in the Hispanic community. To put a capstone on these stats, the National Hispana Leadership Institute released a study showing how sucky it is to be Latino right now, particularly if you’re older. The study was undertaken with AARP, so it looked at Latinos age forty-five or older.

What they found was that Hispanics in this age group were twice as likely to lose their jobs as the general population was. Latinos were also more likely to suffer a decrease in earnings. In addition, almost half of Hispanics had trouble paying for the bare essentials, and over one-third cut back on basic medications. Finally, about twenty percent lost their health insurance (I’m sure the rates are much lower among Tea Baggers).

With stats like that, it would be understandable if we Hispanics curled up in a corner, sucking our thumbs and trying vainly to think happy thoughts. But we’re talking about people who routinely ditch old lives for a shot at a better future.

So perhaps we shouldn’t be surprised that Latinos have shown resiliency during this nightmarish time. The report points out that Hispanics were more likely than the general population to look for new jobs, to seek advanced training, and to work toward keeping their skills up to date.

Most interestingly, Hispanics were twice as likely as the general population to start their own businesses. Yes, even in a disastrous era, Latinos were among the first to take a chance on making things better.

I can’t say that happy endings are in store for all those Hispanics who got through this mess. But again, I hope that I never have to return to the topic of how terrible things once were.


The Revolt of the Rich

I’m hoping that my fellow blogger Macon D doesn’t sue me, but he had such an interesting post recently that I’m just going to steal his topic outright and run with it.

At his site, Stuff White People Do, Macon D asks if many whites believe that improvements for ethnic minorities come only at their expense.

Well, as a partial answer, let me say that as far as I can tell, America is the only country in the world where the most economically powerful take to the streets to protest that they are being oppressed.

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Business Time

Not too long ago, I wrote about the Empowerment Experiment. This social movement was started by African Americans who want to help black-owned business thrive. I asked whether Latinos should consider undertaking a similar project, or if it was all just racial politics.

Regardless, in that post, I wrote about how Latinos’ economic power lags behind that of African Americans. It’s not just that blacks do better than Hispanics statistically. It’s that black-owned businesses and entrepreneurs seem commonplace, while identifying Latinos in positions of authority is a little trickier.

For example, what is the largest Hispanic-owned business in the United States? Unless you work for it (or took a few minutes to google the question) you probably don’t know that, according to Hispanic Business.com, the biggest Latino-run organization is the Brightstar Corporation.

In addition to holding a spiffy, optimistic name, this company “is a solution provider and value-added distribution and manufacturing services company.” No, I don’t know what that Dilbert-inspired corporate doublespeak means either.

I was going to suggest that we all buy Brightstar products or employ Brightstar consultants or use Brightstar for all our networking/culinary/communications/porn-access/whatever needs. But like I said, I can’t tell what the company actually does. I just know that it’s big. For all I know, they manufacture toilet seats.

But isn’t it great to see that Latinos can create a mystifying corporate identity and spew business jargon that is just as vague and uninspiring as white America can? Yes, it’s a brand new day.


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