Re: Collapsing or not?
Posted: Wed 25 Mar 2020, 13:39:43
I am not sure how the Western Economies will recover from this. They will not. Already the middle class has virtually disappeared. The financial system is a rogue and parasitic element on the general Economy sucking wealth from the general economy and totally unresponsive to the working class as it serves totally the ownership/wealthy class.
Already Americans overwhelmingly had little extra income and virtually no savings. They are as the phrase says
living paycheck to paycheck. Their economic condition after all this will be significantly worse. And yes we are still better off than many others around the world. The point is the trajectory is downward
Already Americans overwhelmingly had little extra income and virtually no savings. They are as the phrase says
living paycheck to paycheck. Their economic condition after all this will be significantly worse. And yes we are still better off than many others around the world. The point is the trajectory is downward