Breaking up the Banks!
Reading and listening to posts by Robert Reich on US Economics and the political discourse not being able to coop with the situation on a long-term basis through drastic lasting change, is what highlights the need for different leadership in the political arena and many levels of our society.
I you like to read the latest article by Robert Reich which has inspired this article:
The below is a viewpoint by ecoNVERGE
While the middle class is decreasing rapidly – not just in the US – a new gap is created for future generations, unless some drastic change is implemented in our global financial economic system:
It is an upper middle-class as a minority who are paying for the seemingly never decreasing deficits and the ever-increasing needs for the needed, while the few super-rich keep on gaining and bulking-up financial means.
Continuing to allow the pace of this discourse will further undermine human progress, democracy and capitalism as it was meant to be. Rather then punishing those who work hard for their earned welfare, take away the value of money as we know it today, so the whole political dilemma will be solved and allow for humanity to thrive.
At the current pace, that minority will be discouraged to keep their battle going, as they will notice – if not already – how the non-active growing lower middle-class (willing or not willing) is being supported to equal means as they had/have to work for. The question is: how long can they support the increasing lower middle class, further degrading into true poverty. Capitalism is destroying itself anyway. So why take the long road to destruction, allowing for chaos to truly happen.
Time for real change is the only answer – not the current political debates!
In Europe we see a very similar situation in how society is degrading. The double game played isn’t gonna work either. While the EU and national politicians are trying to keep the known path of economics, society and politics going, those same political ‘leaders’ are implementing sidelines for recovery through the Social Investment Package and other programs. However, these efforts will not take away the growing concerns of the paying higher middle-class.
In short, we have not learned from 5 years of financial global crisis (in fact, 5 of those in the last 20 years without no true reform), the widespread occupy movements, the endless debates by politicians, reformists, economists, humanists, … nor did we achieve any improvement in lifestyle, society, hope and/or progress of humanity for the current generations, let stand we are thinking and acting for future generations to thrive.
We have to go back to basics and make reform at the very heart of economics, politics and society. That is the battle we all should be fighting.