World Economies on Life Support
Deepening economic crisis conditions.
by Stephen Lendman
Since crisis economic conditions erupted in fall 2007, resolution has been sorely lacking.
US corporations and America's super-rich benefitted from over $3 trillion in tax cuts.
Anywhere from $9 trillion to double or triple that amount went to bankers that caused the crisis.
Ordinary Americans have been largely left out. The nation's economic engine stalled. Recovery is more illusion than reality. Increasingly it looks dangerously troubled. More on that below.
Financial analyst Martin Weiss said he's "never seen anything like the whirlwinds and dark clouds now encircling the so-called advanced economies of the world."