Tuesday, March 26, 2013

Crumblecake America 2013

This article describing the crumbling of the American middle class has gotten a bunch of signal boost on the internets today.  It is a searing description of the economic disaster that has been building for 40 years, as two generations of stagnant wages and an ever-increasing wealth disparity remold the United States into a third-world Galtian banana paradise.  Even today, the erosion of the middle class into abject poverty and suffering is masked by the apparent vitality of the top half of the upper-class quintile.  The danger, of course, is that the destruction of 80 or 90 percent of the society will end badly for 100% of the society.  There are not enough police or drones in the country to stop the carnage if the economy and the society do not change and improve quickly enough and broadly enough to reverse the last 40-plus years of failure.

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