In the News (from Global Research): “A series of reports over the past ten days—on poverty, wages, income inequality and social mobility—have painted a portrait of America starkly at odds with the official mythology of the United States as the land of unlimited economic opportunity, the country with the world’s highest standard of living.
“Even agencies controlled by political representatives of the financial aristocracy are compelled to admit that the conditions of life for the vast majority of the American people are disastrous.
“These figures demonstrate that America is a country of mounting social disparities, in which those who labor and produce all the wealth have less and less to show for it, while those who collect the profits of this labor, while playing a parasitic, destructive, and thoroughly reactionary role, see their wealth accumulate to astonishing levels.
“Two reports frame the dramatic social polarization in America, not so much between the rich and the poor, as between the rich and the entire rest of society.
“While the income of this layer [the richest 1 percent of US households] nearly tripled, the income of the middle 60 percent of the population rose only 40 percent over 28 years, and the income of the poorest 20 percent rose by only 18 percent.
“Geographical mobility in America has fallen to the lowest level reported since 1948, one reflection of the loss of opportunity particularly for the young. People cannot sell their homes or buy new ones, and the majority of young college graduates are being compelled to move back in with their parents because they cannot find work that pays enough to set up on their own.
“What these figures demonstrate is both a profound social crisis, and an immense historical transformation. The United States has gone from leading the world in most social indices, including working-class living standards, to a new status as the leader, at least among the industrialized countries, in condemning the majority of its population to conditions of deprivation and misery.
“The decline of American capitalism is shown in the decay of its once powerful industrial base, the crumbling of roads, bridges and other social infrastructure, and the closing of schools, libraries, hospitals and other public services. It is no wonder that more than 80 percent of the American people, according to most recent polls, feel that the country is on the wrong track.
“The overriding political necessity is for the working class to grasp the source of the social and economic decline. It is capitalism that has failed in the United States, and on a world scale.”
My Comment: The solution to the problem is to create a new state, financial, and industrial leadership that understands the essence of the changes taking place in humanity.