Quote:
Originally Posted by Dondilion
So why is the middle disappearing and the people have no savings. US is living way beyond its means that is what the mounting debt implies. And the debt is pervasive...credit card, car, education, shelter.
Real wage is stagnant.
Bankruptcy provides a new start. It a staple of capitalism. |
The problems you describe are a symptom of owning class control over taxation, economic activity, and wages, and the suppression of unions. They have nothing to do with currency stability or national solvency.