Friday, July 1, 2011

Class Warfare?

I was listening to Wolf Blitzer's interview today and yesterday on CNN TV with Bill Clinton (ex-president). He was saying that 90% of the financial gains in the U.S. during the Bush Administration went to the upper 10% of income in the U.S. and beyond that 40% of the financial gains in the U.S. during that same period went to the upper 1% of population in the U.S.

The main problem with this is that equality can only exist in a country with a good and viable middle class. If we only have a two tier society (rich and poor) like most nations on earth then we are doomed to only (of the rich, by the rich and for the rich) with rights for no one else. (Which is what most countries on earth are like already.)

The problem now is that unions and pension funds have become so much a part of the problem of economics within the U.S. that no one really knows how to move forward now. In the beginning of unions here in the U.S. way before globalization unions helped to create our middle class to what it was during the 40s, 50s, 60s, 70s, 80s and 90s. However, now during times of globalization since competition is now worldwide rather than only within one's own country like before, both unions and pension funds that were created by unions become part of the problem. So, some kind of retooling has to be created to bring us our new middle class so our (rights for all) statement actually means something once again.

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