Capitalism Hits the Fan, The Real Story.

[Stinger2]

Capitalism Hits the Fan, The Real Story.

The next section explores the current crisis. The narrative is expressed quite well. Looking at the graph of productivity vs wages since 1970, we see a huge gap – which fed a huge increase in profits and executive pay. Instead of raising workers' wages, the capitalists allowed for rising consumption (and continued sales) by lending to the working class – graphs show the exponential increase in mortgage and credit card debt. Wolff states that credit solved the problem of rising expectations of the working class, which had been conditioned by 150 years of rising living standards. Hours of work increased in order to finance increased consumption. And the credit markets provided an outlet for all the profits that the capitalist class was accumulating. But it all reached a limit: workers are now working as many hours as they can, and can't borrow any more; the system has come crashing down.

http://www.politicalaffairs.net/article/articleview/8506/

This is why Republicans don’t like gays, they will find they could get screwed instead of screwing others.

[bemildred]

1. Just another state-sponsored Ponzi scheme.

When will Congress step up and do it's job?

[KGodel]

2. Perhaps when working people pay as much as financial institutions

They're for sale to the highest bidder. You know who that is.

We could outbid those interests, through sheer numbers, but that doesn't seem to be happening. Oh, well. Who wanted a just country anyhow.

[xfundy]

3. WTF does this have to do with gays?

Oh... that was a gratuitous "joke." Funny. Not.

Apparently you were referring to "anal sex." Put a dot com after those words and see who's accomplishing most of the anal sex in the world.

I'm sure you weren't trying to be insensitive, but trust me, you were.

[bemildred]

4. Agreed.

I'm as straight as the highways in Arizona, and I can see your point.