Slouching Towards Oblivion

Thursday, July 01, 2010

Olbermann gets a little nuts, so I don't follow him closely, but I think he's articulating something here that has to be taken seriously. When part of the economic equation is out of balance, we can expect lots of real trouble. For a good 35 years, we've seen a steady erosion of people's ability to earn a decent living - we certainly needed to beat labor costs back into shape, but we've tipped back out of balance again in the other direction. People are finding it harder and harder to earn just the few bucks it takes to buy even the cheapest goods we can import from the lowliest sweatshops in the world. Demand shrinks enough and you won't be able give your shit away.

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