Economy
Related: About this forumStudy By MIT Economist: U.S. Has Regressed To A Third-World Nation For Most Of Its Citizens.
'America divided this concept increasingly graces political discourse in the U.S., pitting left against right, conservative thought against the liberal agenda. But for decades, Americans have been rearranging along another divide, one just as stark if not far more significant a chasm once bridged
America divided this concept increasingly graces political discourse in the U.S., pitting left against right, conservative thought against the liberal agenda. But for decades, Americans have been rearranging along another divide, one just as stark if not far more significant a chasm once bridged by a flourishing middle class.
Peter Temin, Professor Emeritus of Economics at MIT, believes the ongoing death of middle America has sparked the emergence of two countries within one, the hallmark of developing nations.
In his new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy, Temin paints a bleak picture where one country has a bounty of resources and power, and the other toils day after day with minimal access to the long-coveted American dream.'>>>
https://www.themaven.net/theintellectualist/news/study-by-mit-economist-u-s-has-regressed-to-a-third-world-nation-for-most-of-its-citizens-Sb5A5HZ1rUiXavZapos30g-Sb5A5HZ1rUiXavZapos30g?
LonePirate
(13,408 posts)Things are fucked up in this country.
AJT
(5,240 posts)It's been a corporate sponsored race to the bottom.
Irish_Dem
(46,520 posts)democratisphere
(17,235 posts)The redumbliCONs are now engineering a giant tax cut for the wealthiest that will be subsidized by many peoples Medicare, Medicaid, and increased national debt. Rome is falling quickly.