Saturday, October 3, 2009

Here's the BAD News: You know "Globalism?" Yeah, it "worked"

Globalism, the system by which the worst of USer predatory capitalism was universalized:, the necessities of life were privatized, while the costs were socialized. Capitalism works when you can make the workers pay.

From the very good folks at TheRealNews

More at The Real News

Jomo K.S.: "Before the crisis, finance accounted for 15% of the economy, but had 40% of the profits."

And of course, one percent of the workforce earns receives 50% of the wages, and one percent of the population owns more wealth than the lower 95%. Wealth distribution was not this inequitable even in the "Golden Age" of the robber barons.

1 comment:

Dusty said...

Good points Woody. I get so friggin pissed off when I read that stuff about the top one percenters..I get a friggin migraine.