Quote:
Originally Posted by Adder
Have you read Reich's Aftershock?
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I disagree with his mantra that we need to have a middle class consuming to have a robust economy. The argument misses the issue at hand entirely. Those in positions of power don't give a fuck about the underlying economy. They want the best returns and they can do that without hiring people. They can do that putting money in emerging markets. And no, those markets don't need us as much as we think. As they grow, they self sustain in terms of consumption.
We get a two tiered USA: Those with capital employed abroad, and those fighting it out in the domestic economy. People like you and me are in the middle. I'm thrilled for my folks, who are happily enjoying market gains. Not so happy about the tax bill I know is coming because all the laid off people can't support the school being built down the road from me.
