Send a Tweet
Most Popular Choices
Share on Facebook 10 Share on Twitter 1 Printer Friendly Page More Sharing
Exclusive to OpEd News:
OpEdNews Op Eds    H4'ed 6/9/10

An oligarchy at war with America

By       (Page 1 of 5 pages)   20 comments
Follow Me on Twitter     Message Richard Clark
Become a Fan
  (108 fans)

As Paul Craig Roberts recently pointed out,

the US, unlike some countries, is not an ethnic group. It is a collection of diverse peoples united under the Constitution. However, when the Constitution was essentially destroyed by the recent Bush administration, the US in some important ways ceased to exist. What exists today are power centers that are unaccountable. Elections mean nothing, as both parties are dependent on the same powerful interest groups for campaign funds. The most powerful interest groups are the military/security/industrial complex, which includes the Pentagon, the CIA, and the corporations that service them, the American-Israel Public Affairs Committee, the oil industry that is destroying the Gulf of Mexico, Wall Street (investment banks and hedge funds), the insurance companies, the pharmaceutical companies, and the agri-companies that produce food of questionable content.

These corporate powers comprise an oligarchy that cannot be dislodged by voting alone. Ever since "globalism" was enacted into law, the Democrats have been dependent on the same corporate sources of income as the Republicans, because globalism destroyed the labor unions. Consequently, there is no meaningful difference between the Republicans and Democrats.

The "war on terror" completed the constitutional/legal failure of the US. The US has also failed economically. Under Wall Street pressure for short-term profits, US corporations have moved offshore their production for US consumer markets. The result has been to move US GDP and millions of well-paid US jobs to countries such as China and India, where labor and professional expertise are cheap. This practice has been going on since about 1990.

After 20 years of off-shoring US production, which destroyed American jobs as well as the federal, state and local tax base, the US unemployment rate, as measured by US government methodology in 1980, is over 20 percent. The ladders of upward mobility have been dismantled. Millions of young Americans with university degrees are employed as waitresses and bartenders. Foreign students comprise an ever larger percentage of the enrollment at US universities as the American population finds that a university degree has been greatly reduced in value by the off-shoring of the jobs that graduates would have ordinarily taken.

Millions of Americans will never work again, and why should they? Permanent unemployment is now all but assured by Congress, and many home owners are asking themselves, "Why take two low-paying part-time jobs (the only kind that areavailable to a growing number of Americans) when even with the jobs, I will be unable to pay my mortgage without being poverty stricken in other ways? Why not instead stop paying the mortgage and live rent free for a couple of years?"

Why should people keep paying on underwater mortgages on depreciating houses worth half what they were bought for? All their neighbors are living for 1-2 years for free before walking away, laughing at the fools who keep paying. Why not do the same?

CNBC shills never quit luring the brain-deads to their doom with constant happy talk, "There will be no depression -- Ben Bernanke won't allow it!," and "Buy stocks for the long term." The truth about banks hiding a trillion dollars in mortgage and loan losses is never mentioned.

"Outsourcing is good for America," Wall Street oligarchs screamed, and now, because of it, millions will never work again. "We have a great new service economy and we need illegals who work cheap!" And now they will not leave, and why should they? Free everything, and they are helping to bankrupt nearly every state.

Next Page  1  |  2  |  3  |  4  |  5

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Well Said 2   Must Read 1   Supported 1  
Rate It | View Ratings

Richard Clark Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

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

Was Pat Tillman Murdered by an American Sharpshooter to Shut Him up?

New JFK assassination bombshells

Two U.S. presidents implicated by ex-CIA black-ops assassin

The cholesterol - heart disease scam: How the medical-industrial complex is raking in billions at our expense

Four Ticking Time Bombs That Will Soon Ignite a Revolution

The Ultimate Goal of the Bankster-led Political-economic Warfare Being Waged Against Us Is . . . ?

To View Comments or Join the Conversation:

Tell A Friend