Tuesday, May 10, 2011
Building Recovery on the Backs of the Unemployed
As long as Washington (both parties) pursues a hostile takeover of the private sector, the latter must take a defensive stance by using their cash for M&A, downsizing to stay profitable. Hence the jobless recovery & the success of upscale brands like Apple (manufacturing at a Chinese plant w/ a rash of suicides), Ltd., Coach, etc. while Walmart, which initially benefitted from the recession, is being undercut by the dollar stores while the lower & middle classes are floundering -- paying taxes to rescue large corporations who proceed to lay off more workers in order to survive. I have a bachelor's degree but the only work I can find is volunteer work, at least until special elections. Hooray for the distributed workforce.
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