This article should be required reading for all Americans in the United States. It's obvious to me. In 1980, when Ronald Reagan was President, he told everyone he would get the government out of their life, and that's when the capitalists began the march to take everything from everyone.
In the end, it's always about the land, isn't it? In the US, Blackrock and foreign companies are buying up land left and right. The American Dream of a house and yard supported by one paycheck is long dead, but most people have just realized it in the last few years.
As you said, home ownership isn't the problem. Rent is the problem. Rentier society is the problem.
This applies to India as well, but due to a more complex reason. Resources are being sucked up by a specific class of politically connected people, and the middle class and below can not afford to live where they work. And thanks to limitless corruption, public infrastructure is still stuck in the Nehruvian era.
And then under the pretext of equity, merit based education, merit based employment, merit based scholarship is being systematically eradicated.
The two groups in America that have nothing to lose but their chains are the lower end of the working class, especially women in the service sector--workers in hospitality, retail, health services, as well as food processing, agriculture, and the gig economy; and working class gen Z. Gen Z is more volatile, because they had hopes that are being crushed. The Iran War is creating a domestic crisis, both economic, in rising stagflation, and ideological, as Trump shreds remaining faith in the American political and economic system.
This article should be required reading for all Americans in the United States. It's obvious to me. In 1980, when Ronald Reagan was President, he told everyone he would get the government out of their life, and that's when the capitalists began the march to take everything from everyone.
Neil, most are still not listening.
thank you Paul!! And I will keep talking
I so appreciate you sharing your research and history with us. Makes perfect sense the way you present the information 👨🏫
Thank you Sally
In the end, it's always about the land, isn't it? In the US, Blackrock and foreign companies are buying up land left and right. The American Dream of a house and yard supported by one paycheck is long dead, but most people have just realized it in the last few years.
As you said, home ownership isn't the problem. Rent is the problem. Rentier society is the problem.
This applies to India as well, but due to a more complex reason. Resources are being sucked up by a specific class of politically connected people, and the middle class and below can not afford to live where they work. And thanks to limitless corruption, public infrastructure is still stuck in the Nehruvian era.
And then under the pretext of equity, merit based education, merit based employment, merit based scholarship is being systematically eradicated.
The two groups in America that have nothing to lose but their chains are the lower end of the working class, especially women in the service sector--workers in hospitality, retail, health services, as well as food processing, agriculture, and the gig economy; and working class gen Z. Gen Z is more volatile, because they had hopes that are being crushed. The Iran War is creating a domestic crisis, both economic, in rising stagflation, and ideological, as Trump shreds remaining faith in the American political and economic system.