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How the “Fiscal Cliff” Is Making Us All Indebted Servants to Wall Street
Mark Karlin, Truthout
Capitalism |
[Richard] Wolff points out that with the general stagnation of wages (adjusted for inflation) over many years, buying power of the working class consumer, as a trend, is only advanced through increased debt. It is a money-squeeze by the oligarchy, an exquisitely perverse strategy. Indeed, it has been an Alice in Wonderland version of Ayn Randian destruction of the asset value of the public commons.
Published: 2013-01-06
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