Paul B. Farrell: A new Lost Decade is leading to revolution

[marmar]

A new Lost Decade is leading to revolution
Commentary: Class warfare accelerating, democracy losing grip

By Paul B. Farrell, MarketWatch


SAN LUIS OBISPO, Calif. (MarketWatch) — Memo to the Super Rich, your high-paid lobbyists and your no-compromise political puppets whose sole mission is destroying the presidency: Yes, you are succeeding. You’re also killing the economy.

Thanks to your self-destructive ideology, America is now in the second of back-to-back Lost Decades. A new one on the heels of the 2000-2010 Lost Decade where Wall Street lost more than 20% inflation-adjusted. Get it? You guys launched America’s second Lost Decade of 21st century.

Yes, two consecutive job-killing Lost Decades. The first created by Wall Street’s obsessive greed. The new one triggered by the widening wealth gap that’s feeding endless partisan political wars powered by Super Rich conservatives hell-bent on re-establishing the same free-market, trickle-down Reaganomics policies that have been sabotaging America for the last generation.

Unfortunately, the new one gets worse: Why? The coming Lost Decade is a backdrop for a wave of class warfare destined to trigger a historic revolution in American politics, bigger than the ‘29 Crash and Great Depression. .............(more)

The complete piece is at: http://www.marketwatch.com/story/a-new-lost-decade-is-leading-to-revolution-2011-10-04?link=home_carousel

[Cirque du So-What]

1. 'Only a catastrophe will wake Wall Street'

I have doubts that the plutocrats will react constructively toward even a major fucking conflagration. Instead, I expect them to double-down on the laissez-faire practices that landed us in this predicament in the first place. The only solution is incarceration, which I doubt will change their mindset, but will at least keep them from wreaking further damage upon the economy and people's lives.

[ixion]

3. a catastrophe like holding them accountable for fraud and treason

that's all that will get their attention. As long as they're on the gravy train, they'll see nothing.

[ixion]

2. Ironically, this article leads with an ad: "how much do you really know about your new hires?"

and then offers background check services (E.g. what they post on FB, credit rating, etc).

I find it ironic that an article decrying the lost decade starts with an ad for a service that is helping to create that atmosphere.

[marmar]

4. Well it IS MarketWatch, owned by the Wall Street Journal........

...... and I'm shocked that they carry Farrell's column. He must have some dirt on somebody.

[ixion]

5. yeah, understood...

was just sayin'...

[Bluenorthwest]

6. I do not see such an ad on the page...

and even if it were on the page, the article most certainly does not lead with an ad, that copy is not part of the article, much less the leading portion.

[ixion]

7. It may be in rotation, but it's there...

contrary to your snark.

[Bonhomme Richard]

8. As I have said before. The top tier will not change until they personally feel....

vulnerable. That's the way of it and as long as they believe they are anonymous and can continue to accumulate wealth with zero personal consequences things will not change.
I remember when Wall Street received the bailouts and people were pissed about the bonuses management was still receiving they found their homes here in CT being picketed and it freaked the shit out of them.
We need more of that.
I am not talking about violence but rather, making them very uncomfortable personally.

[PETRUS]

9. K&R nt