For too long the democratic nations of the world, which are mostly in North America and Europe, with some outposts such as Autralia, have followed the lead of The United States of America both economically and socially. And the USA has been leading us to disaster for fifty years.
Forget this week’s utter fiasco of Brett Kavanaugh’s appointment to the upreme court, and the utterly pathetic attempt by the Democrats to prevent President Tump’s nominee’s conformation. It doesn’t matter whether Brett Kavanaugh becomes a justice of the Supreme Court or not; one more Deep State lackey will change nothing.
For years, the Courts and elected assemblies of has looked the other way as the banking cartel colaborated with central banks and global corporations to rob one class of citizen (ordinary, working people) and reward another (the elite).
As a result, the American economic empire faces a catastrophic crisis as wealth concentrates in fewer hands, and the debts of the have nots (both nations and individuals, become overwhelming. The resurgence of nationalism in Europe is one symptom, the increasing number of regional conflicts and rising tensions between the western democracies and the non – democratic eastern bloc, is another. And the upsuge in Islamic fundamentalism is the third and probably the most dangerous. All this is being played out to the accompaniment of internal schisms, social breakdowns, and dangerous political scuffles.
Why, you might well ask.
If you work by the hour, the boss can buy your time. That’s what it really means to say someone is “rich” – he has more time because he can control not only his own, but yours, too.
Somebody who had $1,000 worth of stocks in 1971 could buy approximately 250 of the average working man’s hours. Today, that $1,000 worth of stocks is worth about $28,000… which, at today’s $26-per-hour average, will buy 1,077 hours of the typical working man’s time – four times as much as in 1971.
In other words, compared to the wage earner, the capitalist is four times as rich.
Invert it, and you see about the same thing. A working man would have had to labor for 212 hours to buy the 30 Dow stocks in 1971. Today, his time is much less valuable; he has to sweat for over 1,100 hours to buy the Dow.
It is this hollowing out of the middle class (not the middle class in the British sense, where the class system is much more complicated,) that is behind the chaos in the democratic world. The group in the middle is getting smaller, the’poor’ are growing exponentially in number and the rich are getting richer and more out of touch with the realities other classes face. It cannot end well.