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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: The Wharf who wrote (22742)3/24/2005 7:48:37 PM
From: sea_urchin  Read Replies (1) | Respond to of 81093
 
Darleen > The economy is fine as of yet heaven for bid it starts to slow here in CA

The socialist view

wsws.org

>>Two recent reports cast light on the impact of growing social inequality in the US. The first, the annual inventory of the very rich compiled this month by the business magazine Forbes, tracks the wealth of the world’s billionaires, and their increasing numbers in the US. The second is the “report card” issued by the American Society of Civil Engineers (ASCE) on the state of the infrastructure in the United States.

Together these studies provide a devastating exposure of the price being paid—in the form of basic necessities of daily life—for the ongoing process of diverting ever-greater sums of the national wealth into the personal investments portfolios and bank accounts of the super-rich in America.

The burgeoning ranks and fortunes of the US billionaires come under conditions where the social infrastructure of society is under relenting attack from corporate America, the Bush administration and Congress, in the form of job cuts, attacks on health care, pensions and education. This is coupled with growing rates of personal indebtedness and bankruptcies for working families.

The degree of waste and squandering of vital resources by the super-elite personified by the Forbes billionaires—and the protection of their right to do so by the political establishment, including both big business parties—is an indictment of the profit system.<<