Yeah, but we know all of that already. The US economy has been moving in the
direction of the super-rich for some time now. Their hold on politicians has
grown much tighter. Unions, the guardians of middle class interests, have
mostly faded away. The middle class isn't really needed very much anymore.
Anything it produced can now be produced much cheaper in China. For an account
of how it all happened, I'd suggest "Winner Take-All Politics" by Jacob Hacker
and Paul Pierson.
While guys like Reich keep pointing at the problem, they have nothing to say
about what can be done about it. Perhaps nothing can, given the way the system
is now structured. Am I suggesting that some form of system changing rebellion
may be needed? Perhaps I am.
Ed
----- Original Message -----
From: "michael gurstein" <[email protected]>
To: <[email protected]>; "'RE-DESIGNING WORK, INCOME
DISTRIBUTION,EDUCATION'" <[email protected]>
Sent: Thursday, June 23, 2011 1:35 PM
Subject: [Futurework] Very good stuff from Robert Reich
> http://www.youtube.com/watch?v=JTzMqm2TwgE&feature=player_embedded
>
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