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Bruce Livesey explains why the Great Recession will continue:

...the Great Recession is really the consequence of the long and excruciating death of Fordism, that century-old notion that you need to pay workers a decent wage in order to have a market for your goods. Or, to put it more bluntly, the Great Recession is the result of the brilliantly effective plan by the corporate elites and their minions in government to impoverish and disempower the working class over the past 30 years. A plan that has had the consequence of destroying the very market capitalists need.

And yet we have politicians and business lobbyists yammering about wage freezes and belt-tightening -- for everyone but the people who, increasingly, have all the money.

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This page contains a single entry by pogge published on October 17, 2010 4:41 PM.

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