Tag Archives: Middle Class

How Empires Die

By Charles Hugh Smith Source: Of Two Minds From a systems perspective, nation-states and empires arise when they are superior solutions to security compared to whatever arrangement they replace: feudalism, warlords, tribal confederations, etc. States and empires fail when they are … Continue reading

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What “Normal” Are We Returning To? The Depression Nobody Dares Acknowledge

By Charles Hugh Smith Source: Of Two Minds Perhaps we need an honest national dialog about declining expectations, rising inequality, social depression and the failure of the status quo. Even as the chirpy happy-talk of a return to normal floods the airwaves, … Continue reading

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Sacrifice for Thee But None For Me

By Charles Hugh Smith Source: Of Two Minds The banquet of consequences for the Fed, the elites and their armies of parasitic flunkies and factotums is being laid out, and there won’t be much choice in the seating. Words can … Continue reading

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The Erosion of the Middle Class — Why Americans Are Working Harder and Earning Less

By John Liberty Source: The Mind Unleashed “I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s worth, … Continue reading

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America’s Social Depression Is Accelerating

By Charles Hugh Smith Source: Of Two Minds We need to value honesty above optimism. Once we can speak honestly, there is a foundation for optimism. Beneath the rah-rah statistics of “the greatest economy ever,” the social depression is accelerating. The … Continue reading

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Reimagining the Middle Class

In her new book, Alissa Quart chronicles what happens when capitalism and families collide By Ann Neumann Source: The Baffler AS THE ECONOMIC STATUS OF MANY in the United States has declined over the past several decades, journalists have often focused on … Continue reading

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The US Middle Class is Shrinking and Moving Towards a “Dual Economy”

MIT Economist Peter Temin, the author of “The Vanishing Middle Class,” explains how the US is moving towards two economies, one for the lower 80% and one for the upper 20% By Gregory Wilpert and Peter Temin Source: Real News … Continue reading

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Disposable Americans: The Numbers are Growing

By Paul Buchheit Source: Information Clearing House As often noted in the passionate writings of Henry Giroux, poor Americans are becoming increasingly ‘disposable’ in our winner-take-all society. After 35 years of wealth distribution to the super-rich, inequality has forced much … Continue reading

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