Vast wealth for those at the top, unemployment and poverty for the rest of society
By Gregory Elich
Global Research, July 23, 2011
http://globalresearch.ca/index.php?context=va&aid=25754
One can never have too much money. In the U.S., the top one percent of the population rakes in almost a quarter of the national income and enjoys 40 percent of the wealth. That class sees this as a problem. It is not enough.
For ordinary workers, the recession brought only economic hardship. But for corporate America, it meant one thing: opportunity. This is the chance to permanently mold the economy into something approximating the Third World model: vast wealth and privilege for those at the top, and unemployment, falling wages, and inadequate or nonexistent social services for the rest of society.
The recession ended two years ago, yet more than nine percent of the population remains without work. If one takes into account discouraged workers and part-time workers wanting a full-time position, nearly one sixth of the workforce is underutilized. For people of African descent, the situation is even more dire, with unemployment approaching a rate twice as high. Yet, a jobs program has never been on lawmakers' agenda.
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