America’s Descent into Poverty ~ Paul Craig Roberts

[Stake]

The United States has collapsed economically, socially, politically, legally, constitutionally, and environmentally. The country that exists today is not even a shell of the country into which I was born. In this article I will deal with America’s economic collapse. In subsequent articles, i will deal with other aspects of American collapse.

read more:http://www.paulcraigroberts.org/

[Mnemosyne]

1. Thanks Stake! Welcome! nt

[Quantess]

2. Harshly put, but true.

[Hydra]

3. The facts are crazy

But it's not surprising- nobody believes it's as bad as it is until it happens to them.

In that regard, I'm fortunate. I've been near the bottom for most my entire adult life, and the view from here is so much clearer than from on high.

[CabCurious]

4. Charts that tell the tale

We've gone from a capitalist society rooted in manufacturing, middle class, and Main Streets... into a capitalist society controlled by a finance sector and CEOs who grow companies just to sell them for personal gains.

WAGES AS PERCENT OF THE ECONOMY


CORPORATE PROFITS

[Bandit]

5. I'm glad he has seen the light but he is partly responsible for the collapse

He was very much a right winger until Bush*/Cheney came along. Their criminal empire caused him to see things a bit differently, and now he is almost a Liberal... I blame almost the entire fall of America upon the Right Wing..While Democrats have always had their buddy system, at least they have almost always been focused on making America a better place. Republicans have always focused on making themselves and their friends rich at the expense of America..