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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.