By Jim Miller with Ian Duckles 

Last week I had the pleasure of seeing Thomas Piketty speak on economic inequality at UCSD. In his talk, Piketty hit on the central themes of his seminal work, Capital in the Twenty-First Century: how our current level of economic inequality is now back to where it was before the “great compression” of the mid-twentieth century when union density, progressive taxation, and educational policies helped produce the high point of the American middle class. He underlined how there is no economic benefit to our current level of excessive inequality and that it is the product not of any “natural” function of the free market economy, but rather several decades of wrong-headed ideology, destructive politics, and bad policy.

During the question and answer session following his presentation, a well-heeled older gentleman prefaced his question about why the “lower 50 percent” don’t just vote out the bad policies with, “this audience, we’re all the top 10%,” which drew a few laughs from people, many of whom were likely debt-ridden students, teaching assistants, campus workers, and lecturers whose income doesn’t come close to landing them in that realm. That there may have been a ragtag group of professors and students from lowly City College in attendance was not even in the speaker’s imagination.

I couldn’t help but think how UCSD is a perfect microcosm of the macroeconomic inequality that Piketty was talking about and that the class-blind commenter was a perfect manifestation of the very elite ideology that serves to enforce our deep level of inequality. But of course, it’s not just at UCSD where this is an issue but across the entire landscape of American higher education, where what used to be one of the most solid middle-class professions in the country is in the process of being hollowed out, bit by bit.   [Read more…]