A portrait of America in decline

[blindpig]

A portrait of America in decline

A series of reports over the past ten days—on poverty, wages, income inequality and social mobility—have painted a portrait of America starkly at odds with the official mythology of the United States as the land of unlimited economic opportunity, the country with the world’s highest standard of living.

The World Socialist Web Site has naturally drawn attention to these reports, but Marxist critics and opponents of American capitalism did not collect this data. On the contrary, the figures come from US government agencies like the General Accounting Office, the Congressional Budget Office, the Social Security Administration, the Bureau of the Census and the Federal Reserve Bank of New York.

That makes the picture of the real state of affairs in the America of 2011 all the more damning. Even agencies controlled by political representatives of the financial aristocracy are compelled to admit that the conditions of life for the vast majority of the American people are disastrous.

These figures demonstrate that America is a country of mounting social disparities, in which those who labor and produce all the wealth have less and less to show for it, while those who collect the profits of this labor, while playing a parasitic, destructive and thoroughly reactionary role, see their wealth accumulate to astonishing levels.

more.....

http://www.wsws.org/articles/2011/oct2011/pers-o31.shtml

[Beacool]

1. We have been in decline for years.

It is just more visible now due to the economic downturn.

:-(

[snappyturtle]

2. I think this article is a MUST read....although it is depressing. I am frozen in

fear these days because of my own situation being 64 years old. Most days I don't feel as if I have the strength for the battle.

[blindpig]

3. kick