rosey99

This Market to Workers: 'Welcome to the Jungle'

This is an interesting, and sobering, perspective. I wonder what implications this has for politics, especially in the "democratic" countries. Historically, this type of situation has led to social and political change, perhaps "the least popular Marx brother" will come back into vogue, possibly in disguise. It seems to me that the word "class" is already creeping back into American discourse, having been banished for over thirty years. Where are the welfare queens when you need 'em?

And at what percentage of GDP will corporate earnings top out I wonder? What will happen to personal income taxes? I think we all know they will go finally go up, but will it be a "Great Compression" as it was in the 1930s? Does American political machinery even operate as is used to?

Interesting, and visceral piece.