Joseph Stiglitz Sees Terrifying Future for America If We Don't Reverse Inequality

[TahitiNut]

8. I see no evidence that we're able/willing to reverse course.

In my view, the die is cast. We're facing a generation or more of economic Armageddon ... and the only question remaining is how the rebuild will happen. I'm not even optimistic about that. I've been a Cassandra about the implacable decimation of the working middle class for nearly 20 years. Every political and business institution controlling this country's course is under the control of banksters/fraudsters -- the day of the craftsman (people with expertise in OPERATION instead of MONEY) has gone in America. As long as we're in thrall of the MBA -- "I don't have to know how to DO anything ... I can HIRE those ... I just need to make decisions that make MONEY!" -- we'll NEVER reestablish a society in which LABOR is honored. We're a Banana Republic ... a corporate colony in which labor exists SOLELY to enrich the already-wealthy. The GOP/right are totally dedicated to the notion that labor must be CHEAP ... and it's a global race to the BOTTOM. A "nation" now exists solely to facilitate capitalism. We no longer place our NATION and the welfare of ALL The People at a higher priority than, say, the stock market. Corporations have TRILLIONS in reserve, are laying off Americans in favor of Slave-State Labor ... and they STILL want MORE.

Fuck it. I'm glad I don't have children.