The Rich Impoverish The Working Class......Paul Craig Roberts, former Assistant Secretary of the US Treasury and Associate Editor of the Wall Street Journal, has held numerous university appointments. He is a frequent contributor to Global Research. How is an economy developed if it is shedding its industry and manufacturing? This is the reverse of the development process. Without realizing it, Kenny describes the unravelling of the US economy when he describes the decline of US manufacturing from 28 percent of US GDP in 1953 to 12% in 2012. The US now has the work force of a third world country, with the vast bulk of the population employed in lowly paid domestic services. The US work force no longer looks like the work force of a developed country. It looks like third world India’s work force of three decades ago. globalresearch.ca/how-junk-economists-help-the-rich-impoverish-the-working-class/5366558 How Junk Economists Help The Rich Impoverish The Working Class globalresearch.ca Last week, I explained how economists and policymakers destroyed our economy for the sake of short-term
Posted on: Wed, 29 Jan 2014 16:23:19 +0000
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