"Democracy is two wolves and a lamb voting on what to have for dinner. Liberty is a well-armed lamb disputing the outcome."
--(Attributed to) Benjamin Franklin
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.
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.