What Happens When Three Sputtering Economies Collide?
TomDispatch / Mike Davis
27-Jul-2011 (one comment)
The new recession that the Republicans are engineering with such
impunity will instantly put into doubt all three pillars of McWorld,
each already shakier than generally imagined: American consumption,
European stability, and Chinese growth. >>>
recommended by Hooshang Tarreh-Gol

Balatarin
Share/Save/Bookmark

 
vildemose

The impetus for a world war

by vildemose on Sun Aug 07, 2011 12:12 PM PDT

The impetus for a world war III are in the making. Brace yourself we are in for a bumpy ride. The global financial elite have had to resort to ripping off the poor and the middle class to sustain their life style but the clear conclusion is that capitalism is not sustainable and it's on a downward spiral having exhausted and pillaged all the natural resources disproportionately to enrich only a few.

Drew weston's sobering analysis:

"

 when 400 people control more of the wealth than 150 million of their fellow Americans. It does not bend when the average middle-class family has seen its income stagnate over the last 30 years while the richest 1 percent has seen its income rise astronomically. It does not bend when we cut the fixed incomes of our parents and grandparents so hedge fund managers can keep their 15 percent tax rates. It does not bend when only one side in negotiations between workers and their bosses is allowed representation. And it does not bend when, as political scientists have shown, it is not public opinion but the opinions of the wealthy that predict the votes of the Senate. The arc of history can bend only so far before it breaks...."

 //www.nytimes.com/2011/08/07/opinion/sunday/what-happened-to-obamas-passion.html?_r=2&pagewanted=4&ref=opinion

 

"Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." - Groucho Marx


  •