Wednesday, September 10, 2008


I love this site because they point out the problem of money accumulating with the top 1% while diminishing for most of us. Many examples plus clear information on why it is bad in so many ways. If this continues democracy is at an end. We have the middle class because of the policies FDR put in place after Republican rule crashed our economy the last time. One of the great ironies is that FDR saved capitalism while saving America. He made it viable, but those great capitalists, the Republicans, hate him for everything he did. Without him we would likely be a communist or fascist society.

Then all those soldiers came home from WWII and the middle class was created in high numbers and we became more of a democracy. It was a strong middle class that made us the dominant world power, now the deliberate destruction of the middle class by the Republicans are destroying our lead in the world as well as destroying our democracy. And make no mistake about it, a large a prosperous middle class is not natural, it has to be artificially created by government regulation. Otherwise, if left alone we will end up with all the money moving back to the top with the rest of us in terrible poverty. Through most of human history there has been a small elite that was rich and ruled, a slightly larger middle class (only about 5% most of the time) and the rest in great poverty. Only in the 20th century did this change.

Our health is suffering too. Here’s a quote from the website:
“The richest 1 percent of U.S. households now owns 34 percent of the nation's private wealth, more than the combined wealth of the bottom 90 percent of the population. All of us who are in that bottom 90 percent share an interest in having an economy that works for everyone. Rather than dividing ourselves by race, we should unite for an America that benefits the vast majority — regardless of the complexion of that majority.”
Sean Thomas-Breitfeld, Center for Community Change, Albany Times-Union, September 2, 2008.
And it’s beyond absurd that the 90% at the bottom are so easily controlled and manipulated by the propaganda of that 1%. In a land where we can all vote they should be following us.

And here is another good site in the same vein, called Extreme Inequality.

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