The Price of Bread
"A cynic is a man who knows the price of everything and the value of nothing."
- Oscar Wilde
Affordability has become the new political buzzword – as it should be. The Brookings Institution reported last year on what it called the “nation’s affordability crisis,” in which one-third of all middle-class families “struggle to afford such basic necessities as food, housing, and child care.”
“Life is considered affordable,” the authors wrote, “when a household’s income is equal to or greater than the total cost of living.” Not all middle-class families suffer equally, of course. About a quarter of white families fall into the unaffordability category, while half of Hispanic families do. Black, Asian, and Native families are in between. If you add the middle-class numbers to those of the poor, almost half the people in this country must spend more than they earn just to make ends meet. That leaves no room for saving.
The two political parties have so far responded to the crisis somewhat differently. In his state of the union speech, Donald Trump denied it even existed – and if it did, it was all the Democrats’ fault. The Democrats, by contrast, are all in on the issue, which they see as key to winning this fall’s elections.
Beware, however, of mistaking the price of bread for the value of the republic.
More than 2,000 years ago the Roman empire was at the zenith of its power. Its borders stretched from the British Isles to North Africa, from Egypt to the Caspian Sea. So powerful was its grip on the known world that the era became known as Pax Romana.
But the poet Juvenal saw deeper. Looking back to the days of the republic, he described a time “when we sold our vote to no man,” and the people decided who would be their civil and military leaders. But since the empire had supplanted the republic, “the People have abdicated our duties.” We are no longer citizens but subjects and have become a group who “anxiously hopes for just two things: bread and circuses.”
The Romans did provide grain to its citizens from crops grown in the colonies and paid to the government as tribute, just as President Trump has long promised us a $2,000 dividend check paid for by our tariff surpluses. And the emperors regularly filled the coliseum with elaborate and bloody games, often including gladiators fighting to the death. The intention was to keep the people quiescent.
On June 14th the White House will host a spectacular UFC (Ultimate Fighting Championship) match to celebrate the 250th birthday of the United States and the 80th birthday of Donald J. Trump. From reports I’ve seen, the event will include a full card of fights. The weigh-ins will take place at the Lincoln Memorial, and the fighters will later be escorted from the oval office to the South Lawn, where an enormous octagon has been constructed under a massive lighted arch. The cost of this extravaganza is expected to exceed $60 million and will be paid for by private donations. Although Trump has said 100,000 people will attend the event, a more reasonable figure, given the size of the area, is 17,000. Tickets are by invitation only and will presumably go to the largest donors. Unlike in ancient Rome, the public is not invited, but we can watch from large screens on the ellipse outside the White House and also on TV. The intention is to keep the people quiescent.
Happy Birthday, America. Have you become what the Founders envisioned 250 years ago?