Monday, March 4, 2013

The financial aristocracy and the growth of working class struggle

Click here to access article by Andre Damon and Joseph Kishore from World Socialist Web Site
For 30 years, the American ruling class has built up its wealth through a process of financialization, in which the productive forces of the economy were steadily undermined. This process led to the Wall Street collapse of 2008, which has become the occasion for an even more frenzied orgy of speculation.
Meanwhile, "back at the ranch" of real working Americans, budgets cuts are automatically occurring which will further adversely impact their lives already hurting from the collapse of the real economy.