Posted 4 years ago on June 13, 2012, 2:11 p.m. EST by agkaiser
from Fredericksburg, TX
This content is user submitted and not an official statement
Let's look at the 2007 to … crisis. Do economists, in their complex comprehension of the works of our economy, lose sight of its original function in Human Culture? Is it possible that such a deficient viewpoint, which focuses on the profit of a few leaders, occludes the fundamental purpose: to produce the food and material goods we need to live?
In the global economy, America no longer has enough factories that provide the kinds of things that fulfill the needs and wants of the greatest part of the population. We're dependent on China for our day to day consumer goods. They have the factories and when our debt kite falls they can use them to enrich their own people with real goods. For the most part, we no longer have a real economy. Our economic leaders continue to profit in the abstract markets of finance and trade, while we grow deeper in debt and poverty. And we're stuck there because of ideological prohibitions against throwing off our bonds by confiscating the property of the rich, on which our slavery to them is predicated.
Derived from: How Does That Work? https://www.createspace.com/3852916