They killed the geese that liad the golden eggs.
This is what happens when supply siderism is taken to absurd levels like it has been in the last thirty years or so.
Eventually the working class makes so little money (in relation to the ruling classes) that they cannot buy enough to keep the system going.
The price of oil didn't help, either.
But the big problem, the biggest source of what has screwed this nationa's economy is fairly simple to understand...people cannot find work that pays enough to keep them going.
And since they cannot work, they cannot buy, and if they cannot buy the value of stocks declines, and the bonds that are sold predicated on people paying their bills ALSO collapses.
The wealthy have nobody to blem but themselves.
Selfish idiots, the lot of them.
It has gotten to the point private enterprise is not allowed to exist. The corporate entities fully screwed themselves.
Just as they did so often BEFORE FDR changed the game to prevent the big fish from eating up everything in the economic pond.
Becuase that is the NATURE of capitalism unchecked, isn't it? Lasisse fair capitalism is a snake that eats itself but not before it eats the young, the seed corn and all the livestock.
The invisible hand of the market has all the long term sense of cockroaches.
W
hen they stole the America Dream they destroyed the essence of this country. That is they destroyed the spirit of freedom and liberty that honors creativity and innovation.
Yup. Cronnyist capitalism replaces meritocratic capitalism. And how do they do that? They own the government when enough people buy into their lies and enough people think that the working class are a bunch of losers who we don't need to have a civil and prosperous society, too.
As we have read here often from some of the folks who THINK they understand economics.
Do not forget to add in the mix the greed of the prosperiety pimps that have taken over pulpits and the total mental veiw of the average citizen in the last 20 years.
When you teach and promote greed to the extent that has gone on here in this country for the last fifty years this is what the end results are and the bottom has not been reached yet.
Yup. The GREED IS GOOD morons who read a damned fine story called
ATLAS SHRUGGED but who aren't quite intelligent enough to realize the inherent flaws in its presuppositions.
This society is sick no doubt with honoring the dishonorable. It is rather disgusting when you get to looking closely at the whole pot mixed together. Ethics went out the window along with justice as people started selling themselves to the highest bidder.
Well...we'll ether recover becasue some strong man will wrest control back from the scoundrels or AMERICA will become another former superpower.
I don't have much hope that we'll fix it though.
Not enough people yet understand what the true source of the problem is, really.
Too many people think that it's merely too much debt, but they haven't yet figured out WHY people, people who work hard their whole lives, are forced into debt.
It is damned easy to manipulate materialists and most of us have been taught to think that having money equates to being smart or productive or somehow a superior person.
My father's generation uderstood that wasn't true, of course, but they're opver the hill and my generation bought into the conceit that feeds into this self destructive behavior.
