We Are the Power Base
The current economic boiling-over had already been simmering on too high of a flame since the 1950s after World War II. That was the beginning of an era when the approach was, "What is good for General Motors is good for America.”
Since that time, the people’s inherent powers have evaporated, with more and more power going to the top 10% in our economic structure. In Europe, they refer to this top 10% as the ruling class; here, we have sanitized it by calling it the upper class. There, they call the middle income sector the working class; here, we have sanitized yet again, to be called the middle class.
Really, we are under rulership, and there is a long history of self-deceit in our country about who has control and what money can buy. It’s time to stop the deception.
The overall problem is that we, the people, have been far too trusting in delegating our society’s equities to those at the top rung. Instead, what is needed now is a return of power to the people. Populist movements have always had their appeal. Now, more than ever, a populist movement is needed to recover from and reconstruct a new economic model for our nation, and one from which others around the world can emulate.
For example, small businesses account for 50 percent of the jobs created in this nation. The working class overall accounts for nearly 65 percent of consumer spending in the United States. There are more numbers as well, which give clear evidence that the working class is the backbone of our economy, lifestyle, and democracy. Despite this, more power keeps being vested in this 10 percent ruling class to make decisions on behalf of the remaining 90 percent of us in the population.
Truly, there are victims in today’s economy. With respect to all of us caught up in this difficult time, we have to recognize that we are both, to a certain extent, victims of a system gone awry, and complicit in giving away power that we should have kept for ourselves.
If the last several years of American corporate debauchery has not caused you to sit up and take notice that the top percentile skim their multi-million dollar compensations while mom and pop lose their life savings, then perhaps this will:
It is going to be several more years before our economy is back to a place where healthy levels of gainful employment are in place; where people can afford all three basics of housing, food, and medicine without having to choose between them as millions must do today; and savings accounts are restored to reasonable safety net amounts.
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