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OpEdNews Op Eds    H4'ed 3/13/13

America's Retirement Crisis

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America's Retirement Crisis

by Stephen Lendman

Crisis conditions exist.

Decades of class war leaves most Americans nearing retirement woefully unprepared.

Since the mid-1970s, real wages haven't kept pace with inflation. Benefits steadily eroded. High-paying jobs disappeared. Improved technology forces wage earners to work harder for less. 

So-called "free" markets work only for those who control them. A handful of winners benefit at the expense of most others. Conditions get progressively worse.

Wealth disparity extremes are unprecedented. Neoliberal harshness force-feeds austerity when stimulus is needed. Public needs go begging.

American inequality is institutionalized. Bipartisan complicity assures it. Class war rages. America's social contract is targeted for destruction.

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[My newest book as editor and contributor is titled "Flashpoint in Ukraine: How the US Drive for Hegemony Risks WW III." www.claritypress.com/LendmanIII.html]

Stephen Lendman was born in 1934 in Boston, MA. In 1956, he received a (more...)
 

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