60% of Americans own less than 5% of America. I.e., they're flat broke, lacking the fundamental capital to do anything at all to improve their economic position. Meanwhile, 5% of Americans own 59.4% of America. The top 5%, and especially the top 1%, have set up an anti-capitalist system where they are the rulers, and the bottom 60% are their serfs. This isn't capitalism. This is neo-feudalism.
This is not sustainable in a democracy. It isn't. OWS is just a canary in the coal mine here. The amount of pressure building down below is enormous and when it blows... nothing good will happen, guaranteed. Nothing good.
Tuesday, October 25, 2011
I highly recommend that you go read our old blog buddy Badtux's piece Occupy Wall Street in one picture. Sample:
I can only agree, and wish that I could explain it so clearly.