First published at 11:05 UTC on July 5th, 2019.
http://www.theherlandreport.com
"The pendulum has swung to robber-capitalism. The only mark of success is money. How you get it doesn’t matter anymore. I can remember when a billionaire was unknown, now everyone on the Forbes 400-list is a billi…
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http://www.theherlandreport.com
"The pendulum has swung to robber-capitalism. The only mark of success is money. How you get it doesn’t matter anymore. I can remember when a billionaire was unknown, now everyone on the Forbes 400-list is a billionaire. We talk about individuals who have 100 billion dollars. That was the stats of the entirety of the Federal government when John F. Kennedy was president. So, now one person has a hundred billion dollars. You have a system that produces those results and yet the middle family income in the US is not grown in 20-30 years."
"In society, there have to be countervailing powers. One power has to balance the other. If not, some group runs away with it all. In the US, all of these countervailing powers have been destroyed. For example, one of the main results of offshoring the middle-class jobs, the manufacturing jobs, was to destroy the unions. So, there is no longer any constraint by the union as a workforce or employers. We are now back to robbery-capitalism because the unions are gone. A few exist and they are in the public sector and they are now beginning to starve them out as well. No raises, cuts, they use all sorts of tactics. And there is no longer a media to constrain them. Where is that limit now? It is gone."
"The deterioration happened in a fairly short time. It was not a long drawn out procedure. If you think back to post World War II, we had a country that was a real country back then. We were unified, a people that believed in progress, there was goodwill. Where are these values now?"
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