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Social Inequality in America

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America's 1% has more wealth than the bottom 95%. Income inequality is greater than in almost all other developed countries. Chile, Mexico and Turkey alone rank higher. 

Until the mid-1970s, younger generations outdid older ones financially. Wages rose in real terms. They no longer keep up with inflation. 

High-paying jobs disappeared. Offshoring lost them. Low-paying/poor benefit ones replaced them. Most are temp or part-time. Many don't pay enough to live on.

Plans call for increased harshness. Paul Craig Roberts says America's "economy is not going anywhere but down." Government/corporate race to the bottom priorities assure it.

"Media spin" manufactures "recovery out of thin air." says Roberts. Hard-pressed Americans can explain things better than talking-head economists paid to lie. 

Protracted crisis conditions exist. Worse times lie ahead. S ocial benefit cuts sustain Wall Street, other corporate favorites, militarists, and America's super-rich. 

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Ordinary households sacrifice to enrich them. They're held hostage. Their future includes neo-serfdom and debt peonage.

For decades, real wages haven't kept up with inflation. Benefits steadily eroded. High-paying manufacturing and service jobs went offshore. Low-wage countries got them. Automated production claimed more.

Technology driven productivity pressures workers to toil longer for less pay and fewer benefits. Corporate monopolies and oligopolies control production, commerce and finance.

Class war isn't new. Today it rages. Popular interests are no match for wealth and privilege priorities.

America's middle class is disappearing. The criminal class in Washington is bipartisan. Complicit with Wall Street and other corporate favorites, the economy was wrecked. Ordinary households were sacrificed for profit.

Capitalist excess bears full responsibility. It's too corrupted, dysfunctional, and exploitive to fix. Political criminals and corporate crooks run America. They benefit at the public's expense.

America isn't fit to live in. Change depends on dismantling it and starting over. Key is putting money power back in public hands where it belongs. Social justice depends on making banking a regulated public utility.

Banks too big to fail shouldn't exist. Insolvent ones should be shut down. Others should be broken up and regulated. Banksters profiteering from fraud should be prosecuted and imprisoned.

America's resources should be used for growth. Job creation should be prioritized. People with money spend it. Corporations and super-rich elites should bear the greatest tax burden.

Popular needs should be responsibly addressed. America's manufacturing base should be rebuilt. Neglected infrastructure rebuilding is vital.

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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