Thursday, July 12, 2012

Cash-Hoarding Companies Neither Spend Nor Lend, Fouling Economy Further


The great American workforce used to believe that the company needed us to not only make things, but to buy those things - it was a big conveyor belt that brought people to work and to the store, and back again and again, refreshing the marketplace and convincing us that GM and Nabisco and General Electric needed to pay us good wages so we could buy their products. We believed it to be the wonderful, very special American engine of middle-class life, a guarantee of comfortable nights of sleep, knowing that we were secure in our jobs, and needed at the office, or at the factory, and that the reward was the best life on earth.



Now the conveyor belt is near tatters, and the workforce is no longer the prime customer. The American Dream has vanished like a mist, leaving a 'shining city on a hill', where the cash-hoarders live.
Read the Article at HuffingtonPost

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