Is that bad? Fai de bèn a Bertrand, te lou rendra en cagant
This is not a good thing.
We're on the cusp of great changes by default. The present financial and credit system of the US is an absolutely disgusting mess, from top to bottom.
An anecdotal example of life in the US: You have a good job, make 3 times rent but can't get an apartment in a city because your credit report has a few marks here and there. Some of them are not even yours. The agencies in charge care very little about this. Where do you live?
The myth that if you WORK HARD and earn a good salary you will have a good standard of living in the US is being greatly challenged at this time. A society that requires you to have investment and credit strategies to even get a HOME is headed for failure. American culture requires that a good working salary alone should be enough to support a quality of life within those means. If it is not, why work?
For the past thirty years people in the US and to a lesser extent Europe have repsponded to the shift of income from those who live by work to those who live by wealth through a set of measures that have allowed things to continue without a crisis.
First, women entered the workforce as a way to keep family income stable.
Second, families turned to credit to sustain a lifeystyle beyond their means.
There is not third wave to sustain things as they are.
There has to be fundamental change.
Either workers in the advanced world have to accept lower standards of living, and walk down a path of economic inequality that in due time will yield social distinctions. Down this path lies the death of democracy.
Because when a social system requires economic relationships of subordination, social distinctions that reinforce this soon emerge. Democracy then dies.
The sooner the realization that we have to fight comes out, the easier it's going to be. We can either have a peaceful shift, or we can have war. The longer we avoid the inevitable the more likely the latter becomes.
And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
Reasonable, rational 2words. At least 20 years too late. Too many sleepy people. Capitalism searches out the darkest corners of human potential, and mainlines them.
Everyone who has been following this (and here I just barely count myself as one such) has known that this had to happen. Something had to give. It wasn't a matter of "if", it was only a matter of "when".
And everyone has been nervous, wondering and waiting for it to happen.
Don't you think Damocles would have been relieved when the sword finally fell? Il faut se dépêcher d'agir, on a le monde à reconstruire
