General News

The Middle Class Has Been Saved, Or Has It?

By (about the author)     Permalink       (Page 2 of 2 pages)
Related Topic(s): ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It Headlined to H2 1/7/13

- Advertisement -

Writes Bruce Dixon in the Black Agenda report: "The fix has been in for a long time, and not just in Philadelphia. Philly's school problems are anything but unique. The city has a lot of poor and black children. Our ruling classes don't want to invest in educating these young people, preferring instead to track into lifetimes of insecure, low-wage labor and/or prison. Our elites don't need a populace educated in critical thinking. So low-cost holding tanks that deliver standardized lessons and tests, via computer if possible, operated by profit-making "educational entrepreneurs" are the way to go."

These changes are always advanced in the name of better education   "innovation" in the same way that the "reforms" that deregulated financial markets and led to their crash were labeled "modernization."

" In the Bronx, New York, the venerable De Witt Clinton High School that for over 100 years educated several hundred thousand students, positioning many for the middle class with many famous grades exercising leadership role in private industry, media, the arts and public life, is being threatened with closure as the neighborhoods that sent kids there became poorer and darker, (Disclosure; it was at that high school that I first learned journalism on the school paper.)

Students, teachers and alumni are up in arms fighting the threat with rallies at the school and a petition on line. I have been working for months on a documentary to showcase the School--once the largest in America--and its century of achievement. You can see our trailer on line at

Behind all of this is an unseen, but fundamental shift in our economy, explains economist Michael Hudson:

"Today's economic warfare is not the kind waged a century ago between labor and its industrial employers.

- Advertisement -

Finance has moved to capture the economy at large, industry and mining, public infrastructure (via privatization) and now even the educational system. (At over $1 trillion, U.S. student loan debt came to exceed credit-card debt in 2012.) The weapon in this financial warfare is no larger military force. The tactic is to load economies (governments, companies and families) with debt, siphon off their income as debt service and then foreclose when debtors lack the means to pay. Indebting government gives creditors a lever to pry away land, public infrastructure and other property in the public domain. Indebting companies enables creditors to seize employee pension savings. And indebting labor means that it no longer is necessary to hire strikebreakers to attack union organizers and strikers."

In short, debt is often profitable, and will be fought over for years to come.

These stealth trends float beneath the surface of media coverage and public political debate and get lost in the miasma of partisan talking points.

We don't what we don't see, and all we do see are posturing politicians whose main goal seems to be always appearing to do something but usually in the service of the status quo.

News Dissector Danny Schechter blogs at He made the film "In Debt We Trust" warning of the financial crisis in 2006. He hosts a radio show at PRN.FM.  

- Advertisement -

Next Page  1  |  2


News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at See

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles
Related Topic(s): ; ; , Add Tags
- Advertisement -
Google Content Matches:

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Israel Gives All Jews A Bad Name

Is There A Threat of Fascism in the USA?

Free Marketers Going After Occupy Wall Street --Danny Schechter





The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments