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.
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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
Suggested Reading
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.
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