Wednesday, January 29, 2014

Anything but. . .

Click here to access article by David Ruccio from Real-World Economics Review Blog.
You have to give credit to mainstream economists: they’ll do anything to avoid talking about class.
Well, aren't we all middle-class? Of course, mainstream economists along with all ruling class directors avoid the obvious factor of class: this serves to hide the system's built-in exploitation of one segment, a tiny one, who feed off the labor of another, a huge one, which is expressed in this article as profits versus wages. They also want to hide the fact that in this system private "ownership" of the economy is a social construct which has created this tiny segment of "owners" and pits them against workers who are the vast majority. The charts in this article clearly confirm Warren Buffet's declaration about who is winning the class war.