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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (68634)	9/5/2007 6:51:15 PM
From: benwood	Read Replies (1) \| Respond to of 116555

Another 10 years like the last 6 1/2, and all the work done by OSHA, the Dept of Labor, and the EPA to protect workers directly or indirectly will finally be completely undone. And the zealous, almost insane corporate greed that violently opposed unions will again be at the power level of 80 years ago. The thing keeping the majority of systematically disenfranchised workers sedated is the credit bubble. When that goes, so too goes the mind numbing acquiescence to all that's transpired in the past 6+ years, to be replaced by tangible and unavoidable financial hardship, tough choices, and for millions, something never experience before: hunger. The bugaboo this time around, however, is that for many, it isn't a matter that their job is unsafe, nor that it pays poorly, nor that the job's benefits have been jettisoned in exchange for stratospheric executive compensation: their job simply no longer exists. For that reason, there will be far less to organize around than 60-80 years ago. But in foreign countries, it will happen the same as it did here, and for the same reason, too: greed. And again, that effort will be met with violence. It's a rare shapshot in history when so few are allowed to usurp so much from so many in such a short span of time. And even rarer that those regimes and economic systems are around for more than another historical blink of the eye.