Over the years, I have enjoyed reading Matt Taibbi’s current events articles in Rolling Stone, although I did feel at times that his over the top, (but funny) vitriolic name calling cut into his credibility. He is undeniably intelligent and is excellent at explaining complex issues in easy to understand and entertaining prose.
For the first time, I delved into one of his books, The Divide: American Injustice in the Age of the Wealth Gap. Here Taibbi investigates the banking/housing financial crisis of 2008, where clearly fraudulent business practices led to the loss of 40% of the world’s wealth, but almost no one went to jail, alongside the proactive policing of the poor that is filling our jails even though crime is declining.
One thing he uncovers is that government agencies are reluctant to go after wealthy corporations because it would cost so much to bring those cases to trial and would be harder to win, because of the top notch lawyers these corporations can employ. On the other hand, the poor are vulnerable and easy to convict; low hanging fruit.
I ask myself if this is anything new. Hasn’t this divide always existed? Taibbi argues that the divide is growing and threatens our country’s foundational values.