What will it take?

Sep 06, 2011 | By: Mr_Blue | Tags: new economy

What will it take for people to say enough - we need a new way of doing things?

Facts are showing a broken economic system. High poverty, high unemployment, low job growth, stagnate wages, growing income inequality, no economic mobility. It’s all there. We have an economic system that is providing very very few opportunities for people and providing a bleak future for younger generations. Yet hardly a peep from most people. Why?

Is that people are scared to demand change? Or is that people are just too complacent - content with a bleak future as long as we get our 500+ cable channels and internet access? What is it?

We have people who can’t afford to retire. We have families who either can’t afford or going into massive debt to send their children to college. We have people working not one but two or three jobs just pay the bills. But no protests. Why?

Is it that people are not aware that there are alternatives to current economic system and related bankrupt institutions?

We have a political system that’s controlled by those who can contribute the most money. We have a financial system that is incredibly destructive. We have business models that prioritize short-term profits at any cost - costs which are typically hoisted on the public or workers.

What will it take for people to wake up and realize how screwed we are under this current economic system?

blog comments powered by Disqus

image

economy financial+crisis budget+deficit obama unemployment jobs credit+cards debt social+security personal+finance capitalism deficit bailout mortgage mortgage+crisis economic+crisis wall+street+bailout new+economy retirement+savings job+guarantee credit+unions deficit+hawks economic+stimulus cooperatives health+care+reform financial+regulatory+reform income+inequality financial+conglomerates tarp financial+oligarchy 401k worker+cooperatives gdp federal+debt debt+management new+normal money scams fiat+currency federal+reserve wages globalization savings neoliberal consumer+protection stimulus unemployment+rate tax+cuts middle+class wall+street investing consumer+debt investments china economic+growth credit+card+debt debt+settlement federal+deficit democrats republicans stocks government+spending negative+equity risk foreclosure budget financial+planning cfpa ira class+war inflation jobs+report financial+bailout fiscal+policy evil pete+peterson health+care financial+literacy jobs+crisis foreclosures move+your+money full+employment modern+monetary+theory stock+market neo-liberal checking economic+policy u.s.+treasuries job+growth bonds economic+mobility bank+of+america foreclosure+fraud taxes consumer+spending class+warfare bankruptcy mortgages derivatives goldman+sachs great+recession debt+consolidation eu keynes gold fico+scores refinance credit+scores real+estate debt+crisis banking+system mortgage+foreclosure financial+regulation financial+crisis+inquiry+commission deficit+commission debt+servitude krugman federal+budget de-regulation solidarity free+trade wisconsin debt+collection income+tax refinancing loan+modifications financial+stability+plan poverty trickle+down+economics working+class retirement currency wills economics #finreg tbtf monthly+budget estate+planning consumer+credit auto+industry president+obama gold+standard debt+ceiling center+for+responsible+lending mutual+funds innocent+fraud aig life+insurance personal+income trade+deficit market+fundamentalism consumer+financial+protection+agency cash+flow banking identity+theft fraud compound+interest too+big+to+fail fdic state+of+the+union predatory net+worth u.s.+treasury+securities tax+refund debt+forgiveness lehman+brothers cornel+west exuberance denmark propaganda banking+services john+k.+galbraith monetary+policy option+arm mortgage+loan+modifications subprime+mortgages corporate+profits disposable+income national+infrastructure+bank corporate+welfare u.s money+manager+capitalism birth+certificate fundamentals living+wage output+gap success consumption interest+rates greece quantitative+easing political+system john+mccain minimum+wage new+democrat+coalition two+americas ltcm universal+health+care income+distribution household american+recovery+and+reinvestment+act oligarchy two+economies frontline senate+democrats eurozone debt+commission haymarket existing+home+sales jobless+recovery carried+interest john+edwards income regulations ben+bernanke california+budget catfood employee+ownership paladino robert+reich mark+to+market budgets payroll+tax euro chicago+idea fannie+mae housing+market cowards slavery dollar sector+balances gmac life+settlements tax+holiday ireland mlk subprime bad+bank bullshit target+date+mutual+funds argentina fierce savings+plan alan+greenspan deficit+errorists payroll+tax+holiday phone+scams financial+regulations national+debt free+markets united+states now savings+bonds shadow+banking+system fica+tax madison time+value+of+money cost+of+unemployment ponzi+schemes swipe+fees credit+markets fair+debt+collection+practices+act tax+code #wallstreetscam great+divergence paulson future+value pensions fed+audit debit+cards predatory+home+lenders cash cdo walker warren+buffett treasury+department present+value tax+deal cooperative+economy liquidity u.s.+debt poverty+rates conservatives ppip job+loss 20-year+mortgage obama+tax+deal short+sales cash+management treasury+securities detroit+schools home+buying economic+purgatory long+term+unemployment vicious+cycle bartering emergency+savings efca debt+hysteria home+closing banks deficit+hawk american+capitalism community+gardens economic community+banks debt+to+gdp recession austerity online+scams income+taxes investment inequality estate investment+yields happy+year finreg hyman+minsky american+dream email beige+book mortgage+modifications yuan risk-return investment+advice dot+com+bubble leading+economic+indicators malicious+software deflation corporate+bailouts federal business+roundtable cooperation returns housing+bubble chris+dodd lei deferred+annuities bailouts economic+policies balancing+checkbook alternatives disability+income+insurance scam fiscal+sustainability home+mortgage fixed+rate+annuity lobbyists debt+is+evil balance+check+book credit+report teach-in currency+manipulation bill+gross insurance variable+rate+annuity corporate+tax+breaks credit+card+law deficit+spending tina general+motors economic+indicators budgeting financialization warren+mosler washington+consensus foreclosure+rescue+services gross+domestic+product race+to+bottom big+banks marx june+jobs+report open+auction lost+decade financial+genocide republican+budget emergency new+capitalist+manifesto bank+fees credit+card minsky tips geithner commercial+real+estate direct+jobs+program civil+disobedience human+capital direct+deposit reaganomics overdraft cfpb galbraith social+security+cards barack+obama worker+ownership personal+consumption treasuries protests balance etf economic+justice destruction citizens+united outlays wall+street+bailouts exports household+debt fallacy+of+composition gas+prices obama+administration save public+option living+standard unions july+2011 unemployment+benefits imports card+act fallacies securities+laws emergency+funds deductibles strategic+defaults keynesian wiped+out productivity+ralph+nader new+era+windows laid+off citigroup financial+sector foreclosure+gate auto+loans human+capitalism savings+tip financial+reform arra free+credit+report chicago money+market+accounts unemployment+insurance fox+news+channel credit+rating+agencies credit+reports fallacy money+market+mutual+funds afl-cio fox move+money predatory+lending refund+anticipation+loans jobs+data moody's revolution tax+reform uaw employment principal+reduction roger+ailes close+banking+accounts countervailing+powers

Mythbusters - 300x250

TigerDirect