The Poor Get Poorer And The Rich Get Richer
16 04 08 - 12:24Male hourly wages began to drop in the early 1970s, adjusted for inflation. The average man in his 30s is earning less than his father did thirty years ago. Yet America is far richer. Where did the money go? To the top.
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We’re heading into the worst economic crisis in a half century or more. Many of the Americans who have been getting nowhere for decades are in even deeper trouble. Large numbers of people in Pennsylvania and across the nation are losing their homes and losing their jobs, and the situation is likely to grow worse. Consumers are at the end of their ropes, fuel and food costs are skyrocketing, they can’t go deeper into debt, they can’t pay their bills. They aren’t buying, which means every business from the auto industry to housing to even giant GE is hurting. Which means they’ll begin laying off more people, and as they do, we will experience an even more dangerous downward spiral.
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Was this the way our society was supposed to turn out -- the rich elite profiting on us by turning us into mindless consumers, and then exploit us as much as possible? It seems to me that in this sense both capitalism and communism have failed; they promoted the wrong kind of people to power and made the rest of us live in poor, violent suburbs. We need to stop globalization now and embrace the community again.
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