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"Contrary to the rising-tide hypothesis, the rising tide has only lifted the large yachts, while many of the smaller boats have been dashed on the rocks." Joseph Stiglitz, economistAmerican plutocrats and their political lackeys in congress have implemented a plan that's putting pressure on wages and further decimating the already-battered middle class. By sustaining high levels of unemployment over a long period of time, US elites have "restructured the labor force", which is a pretentious-sounding expression that means they've created a permanent underclass that's willing to slave-away at demeaning, part-time jobs for mere peanuts without uttering a peep of protest. This metamorphosis of the workforce has taken place mostly in the shadows, concealed behind a thick fog of state propaganda touting the fictitious "recovery", a recovery in which long-term jobless workers have abandoned all hope of finding gainful full-time employment and resigned themselves to a lifetime of scrambling from one odious task to the next just keep a roof over their heads and the wolves away from the door.
Comment: Western elites are slave masters: They have, over the course of many years, slowly chipped away at and destroyed every sphere of quality of life for the 99% - merely to accrue more wealth, power and status for themselves. We're now seeing the final stages of this crime that will only be concluded by a day of reckoning when the whole house of cards will, by force of its own weight, come tumbling down. Watch it happen, and see how an empire falls to the detriment of all who are touched by it.