Our banking system depends on a class of primarily men who, like children, cannot leave the cookie jar. An economic system dependent on the pathological unreliability of the titans of finance fails.
The job market remains strong. We do not have either manufactured shortages or corporate incompetence. Yet the working-class are made to pay. Why?
While it is easy to slam Larry Summers on his statement on inflation and employment, he is a victim of an economic system devoid of humanity & morality.
Economist & Professor Dr. Richard Wolff pointed out that our current inflation is a choice in no uncertain terms. Let’s stop the insanity.
A society is only as good as the well-being of the people within it. Our current crisis provides the shock necessary for major change. IMHO this is what we must do.
Our economic model is no longer viable. We need middle-class centric policies which are anathema to it. Biden presents the status quo, Warren the future. Who wins?
The defect in our economic system is that capital takes on more importance than actual work and humanity. The rich uses that for inordinate profit.
Many people point out that under our economic system we built great skyscrapers, monuments, and more. But there is a sad reality.
Elon Musk tweet and the resulting financial results should dispel any notion that the stock market is anything but a legalized gambling platform.
Like religion, we have all been led to believe that our economic system is divine or the best we can expect. We can do much better.