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1 EPR-radar  Mon, Jan 21, 2013 4:20:44pm

Another way to highlight the same basic point:

Why is it that we have had 30+ years of rapidly increasing productivity combined with essentially no progress on any economic issues? By now we should be looking at 4 day weeks, or at least 4 weeks off a year.

The simplest explanation is that all of the gains from this increased productivity are being concentrated in the top faction of a percent. Meanwhile, unemployment and under-employment are rampant, and those who have jobs often work desperately for no better reward than merely staying employed.

2 Obdicut  Mon, Jan 21, 2013 6:52:09pm

We are approaching what happened to Argentina. Quickly.

3 Romantic Heretic  Mon, Jan 21, 2013 6:56:49pm

As my favorite author notes, those most attached to capitalism work very hard to prove Marx’s analysis of it to be the correct one.

4 EPR-radar  Mon, Jan 21, 2013 7:01:10pm

re: #3 Romantic Heretic

As my favorite author notes, those most attached to capitalism work very hard to prove Marx’s analysis of it to be the correct one.

For some time now, it has seemed to me that the powers that be in the developed world have decided that the best response to the fall of the USSR was to make all of the old Soviet propaganda about how capitalism really works true.

5 Sol Berdinowitz  Mon, Jan 21, 2013 11:47:37pm

I admire American values of individualism and self-reliance.

But I do not understand the notion that individuals and families with limited resources should be expected to negotiate on equal terms with multi-billion dollar corporations for terms of employment, health care or financial services.

And that when the small people attempt to band together to level the playing field, they are branded as socialist collectivist unionist class warriors who hate success and spread class envy.


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 Frank says:

It looks just like a Telefunken U-47!