General Discussion
In reply to the discussion: The root cause of the failure of the middle class? [View all]NeoConsSuck
(2,544 posts)In the 1950's and 1960's, when most manufacturing was done in the USA, there was a strong middle class. And the labor movement was tolerated, because the capitalists still made money.
But today, capitalism is a dying economic system on a dying planet. Natural resources are becoming more scarce, our oceans are becoming polluted dead seas, and it becomes harder and harder for infinite growth on a finite planet. Wall Street only sees newer highs on artificial bubbles, the tech bubble, the housing bubble etc. But the bubbles burst, and Wall Street crashes. Capitalism is like a shark, it must always keep moving ahead or it drowns. Without infinite growth, capitalism dies.
Outsourcing is just a way for the rich to see infinite growth in their net worth. When that is played out, they still won't be satisfied, they never are. They will set their sights on the middle class, as they are doing now. They have just as much contempt for the middle class as they do the lower class.
In the future, I see America tossing out that old tired idea of one person, one vote. I wouldn't be surprised if democracy is tossed out altogether. The peasants (the 98%) should have no say in how capitalist governments govern. We're seeing the beginnings of this now in the most recent presidential election in Florida and in other states with their voter registration supressions, and long voting lines.
SS CPI is just the tip of the iceberg.