- 06 Dec 2024 18:15
#15331748
https://kimgriest.medium.com/real-reaso ... 1cb78ababf
The authors say that the inequality has been growing in the West in recent decades - the middle class is disappearing. This can be measured as the growth of the share of the world's money owned by the richest 1%. The authors attribute this to the fact that Reagan lowered taxes for the rich in the 80s.
The authors also write that the mainstream Western mass media are silent about this problem or lie. This is evident with both CNN and Fox News (especially CNN). And this can be explained simply - these 1% of the richest are interested in this state of affairs, and control these media.
Some of this is due to large amounts of foreign immigration, no doubt, both directly and indirectly, but not all of it. (more competition tends to keep wages low and drive up rent prices, further concentrating the leverage of the "owners")
And we can also remember that Ross Perot, in a 1992 Presidential debate, warned Americans about what would happen in the future as a result of free trade agreements and the manufacturing base being completely outsourced to other countries with far lower labor costs.
The authors say that the inequality has been growing in the West in recent decades - the middle class is disappearing. This can be measured as the growth of the share of the world's money owned by the richest 1%. The authors attribute this to the fact that Reagan lowered taxes for the rich in the 80s.
The authors also write that the mainstream Western mass media are silent about this problem or lie. This is evident with both CNN and Fox News (especially CNN). And this can be explained simply - these 1% of the richest are interested in this state of affairs, and control these media.
Some of this is due to large amounts of foreign immigration, no doubt, both directly and indirectly, but not all of it. (more competition tends to keep wages low and drive up rent prices, further concentrating the leverage of the "owners")
And we can also remember that Ross Perot, in a 1992 Presidential debate, warned Americans about what would happen in the future as a result of free trade agreements and the manufacturing base being completely outsourced to other countries with far lower labor costs.
- By Tainari88
- By Doug64