US Economy: Are We to be Bereft and Abandoned?

Columnist Chris Hedges paints a gloomy picture for rank-and-file Americans at Truthdig. Thanks to Max Obuszewski for the pointer.

America is devolving into a third-world nation. And if we do not immediately halt our elite’s rapacious looting of the public treasury we will be left with trillions in debts, which can never be repaid, and widespread human misery which we will be helpless to ameliorate. Our anemic democracy will be replaced with a robust national police state. The elite will withdraw into heavily guarded gated communities where they will have access to security, goods and services that cannot be afforded by the rest of us. Tens of millions of people, brutally controlled, will live in perpetual poverty. This is the inevitable result of unchecked corporate capitalism. The stimulus and bailout plans are not about saving us. They are about saving them. We can resist, which means street protests, disruptions of the system and demonstrations, or become serfs. 

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One response to “US Economy: Are We to be Bereft and Abandoned?

  1. Even if financial managers and central bankers spend their way to short term solvency, there is still the long term to worry about. The national debt keeps getting larger and larger with the hope that the US dollar will remain a stable reserve for the rest of the world. We’ll be crashing soon, so I agree with Hedges.

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