The first 12 hours of a U.S. dollar collapse! http://inflation.us
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Capitalism works best when it works for all citizens. When the people doing the work that make a company successful are equitably paid. This was what made america. Up until 30 years ago, the middle class in the US was growing. Hard work could get anyone ahead. There were plenty of jobs. Healthcare and good education were affordable. The infrastructure and social services were in good shape. Then things changed. Taxes started being cut on the richest, while remaining the same for the poorest as a real cost to the payer. Corporate executives went from being highly paid to becoming incredibly wealthy...and not having to pay taxes on it. It used to be that the rich received tax breaks for creating more jobs, doing research, reinvesting....now they get tax breaks without reinvesting in the US.
Something is really wrong when we have to buy parts for our military equipment from our potential enemies like China, When we do not produce enough steel for our own needs, When major companies choose to move offshore....yet still expect to be treated as domestic. The problems the US faces include bad trade policies that allow other countries to freely sell to us, but do not allow us to sell to them...a holdover from the aftermath of WWII.
Entrenched private interests no control this country and the rich own and control the government. We need to make some serious reforms if we are to avoid collapsing as so many other great countries have through the ages...There are no guarantees to our continuation as a world leader unless the policies and standards we utilized so successfully in the past are brought back and the policies which no longer work or are applicable are changed. The world is a dynamic place....nothing is static. The US is broken and is quickly losing its place as a leader...
Size of government, unions, entitlements, too high corporate taxes (jobs moving out of USA), attitude or desire to get ahead all lead to below:
Capitalism VS. Socialism
You must decide my friend.
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