In 2008 the deregulated, fraud based economic system that defined the Reagan era collapsed and has been on life support since. It amazes me that after years of no real improvement occurring people still believe it is possible to return to the way things were prior to the collapse ... we can't. People will cite that Wall Street is still wildly profitable, but then that makes perfect sense when you realize that nothing has significantly changed in the way Wall Street operates since the collapse of 2008, and there are no safeguards to more collapses in the future. Seasoned Ponzi Artists can generate significant faux wealth for years, as Bernie Madoff proved, but to look at the wealth on Wall Street as anything but massive institutional fraud is foolhardy.
In terms of unemployment, a very real crisis, it gets wrapped up in petty Presidential politics, and the main point ... the salient point ... is purposefully ignored.
The main problem the United States has is it does not currently have an economic system capable of serving the needs of the 310+ million people who call the US home. As our government diligently works to protect the interests of the 1% who benefit from fraud based system currently on life support, the United States of America desiccates.
Maybe it will take another massive crash for Americans to see the light, but that would be a truly tragic path to epiphany.
Read the Article at HuffingtonPost
No comments:
Post a Comment