Wednesday, May 24, 2023

Why is the Class War Accelerating in the USA and Elsewhere?

 Here's a large part of the answer---(the clip is only 6.5 minutes long)

For over forty years, the Establishment has been favoring the upper 10% of income earners with tax cuts, tax loopholes which go unplugged, subsidies for big corporations, government contracts, lack of prosecution for wrongdoing, and more.  For the last few-to-several years, Main Street has become more & more aware of all that, and is finally pushing back with demonstrations, strikes, boycotts, and the like.  They have done so despite the fact that the Establishment often criminalizes those who peacefully object to being ripped off or exploited.  On top of all that...

The Super-Rich CEOs and corporations have realized what's happening to the American Empire - it's crumbling.  As a result of their realization, they now are making extra efforts to garner more wealth in order to further secure their future in the Post-American-Era.  Those extra efforts include increasing profits even more at the expense of workers, buying influence with politicians more than usual (they spent one billion dollars on the last mid-term elections), treating customers much like livestock (denying claims re faulty goods or services, ignoring safety concerns, etc.), buying back their own stock so shareholders get that money instead of workers, and in general, cutting corners to the max at the expense of Main St.

In addition, we have this...
In the current "Debt Ceiling" talks, neither Biden nor McCarthy is mentioning or considering cuts to Defense spending.  The USA's spending on defense-related items constitutes 40% of the entire world's spending on such items.  Our Defense budget is larger than that of the next ten nations combined.  Most politicians in both major Parties support the concept of perpetual war.  So, the Defense budget is sacrosanct.  Plus, increasing taxes on the super-wealthy is not on the table.

Instead, the Repubs want to cut spending on items which benefit the poorest Americans.  Is that because they believe the Poor are undeserving of help?  If not that, what is it?  It can't be concern over fraud in some welfare instances.  Why?  Because they don't seem concerned at all about rampant mega corporation fraud.

All of the above has accelerated the ongoing Class War.  The bought-off politicians on both sides of the aisle largely are to blame.  So are many/most of the mega corporations and their Super-Rich CEOs.  If you agree, think hard before casting your vote in the next national election, and before buying another piece of manufactured rubbish made in China.
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Not only my opinion.  Be Well

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Here's precisely why & how the American Empire is ending, and Trump has a very minor role

  Jeffrey Sachs is a respected international economist, a notable Professor, and an experienced consultant to governments in the arena of in...