Paul Craig Roberts: Well
that's the process that's been going on in the United States, for ten, twenty
years.
Rob Kall: This
is how we're moving towards third world nation status?
Paul Craig Roberts: Yeah.
well, if you look at many of the statistics now, they reflect that. Of course
we have the worst income distribution, not only of any country you would think
of as "first world'. But it's worse than many third world countries! I don't
have the numbers in front of me, but I've written about it, and I'm sure the
columns are on my site, www.paulcraigroberts.org.
Or you can simply Google them. Even the CIA, which produces rankings of income
distribution, shows that there are many African countries [laughing] with more equal distribution income than we do.
So" all of this produces concentration of wealth at
the top that we haven't seen in a century. It produces" it destroys careers,
opportunities. And it destroys the reason for colleges and universities,
because when the graduates get out, they can't get a job, because the jobs that
they're trained for have all gone offshore. So they're left with" with big
loans and no jobs, and then the loans are turned over to bill collectors who
harass them for the rest of their life. So, the country is declining socially,
politically"
Scripps Howard: I
call it strip mining"
Paul Craig Roberts: "
economically.
Scripps Howard: "
I call it the "strip mining' of the middle class.
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