This a brave and thoughtful article, thank you we need more of them. Like Hurricane Katrina, this "Great Recession" is exposing an under belly of America that many of us would prefer not to see. It certainly has made me look hard and long and I don't like what I see. Greed and its complement; Moral Hazard has infected our society and it is working it's way from the top down to the all important middle. All societies have the elite and the poor. What has distinguishes us here in America is our middle class and it has been a beacon for other societies around the world.
What is unique about today compared to previous economic downturns is communication capability. Up to now Americans' have respected our rule of law and, quite frankly, I am astounded that there has not been much, much more social disorder. I am personally ready for a revolution, but, like others, I am not going to start one. It will be interesting to see if or when we hit a tipping point.
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This a brave and thoughtful article, thank you we need more of them. Like Hurricane Katrina, this "Great Recession" is exposing an under belly of America that many of us would prefer not to see. It certainly has made me look hard and long and I don't like what I see. Greed and its complement; Moral Hazard has infected our society and it is working it's way from the top down to the all important middle. All societies have the elite and the poor. What has distinguishes us here in America is our middle class and it has been a beacon for other societies around the world.
Nov 09 15:46 pm
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All Comments by Pat C »What if U.S. Social Fabric Tears? [View article]
What is unique about today compared to previous economic downturns is communication capability. Up to now Americans' have respected our rule of law and, quite frankly, I am astounded that there has not been much, much more social disorder. I am personally ready for a revolution, but, like others, I am not going to start one. It will be interesting to see if or when we hit a tipping point.