Connect with us on Facebook!
Subscribe.
Make us your home page!
Authors, sign in!I recommend you to read Dr. Elizabeth Warren’s blog America Without a Middle Class at Huffington Post.
This is a respectable article that tells us the big picture of where this country is standing in “its passage from a land of dream to a land of harsh, unsustainable life, unsustainable social economic systems” for the majority of people. In this country, working hard has been increasingly dissociated with having financially manageable, good life and securing financially relaxed retirement.
This blog tells us how this country’s wrong, deceptive economic, social systems have increasingly forced people to sacrifice their money for basic necessities, including food and clothing, to feed the pockets of riches including people in the financial industry, to the point of unmanageable life. This blog makes us better understand why we need “reforms” in various industrial, social, economic sectors.
Throughout history, we witnessed the demise of nations happening when riches, ruling classes extorted money/resources from the middle, low-income classes, creating unstable social structure and clash between classes. How the current US situation is different from the lessons of history?
Published December 4, 2009 by Mikyung Lim |
Permalink
| Tags:
Economic Stimulus
Economy
Financial Crisis
Financial Industry
Foreclosures
Middle Class
Recession
