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Is the world heading towards a recession & an economic warfare?
We are already in a recession............oh no, I am wrong on this. We are in a depression. Many well paying jobs are being diverted overseas with less economic costs to the corporations involved. As a result of jobs being relocated overseas, many people are unemployed.
In addition to this, corporation are also eliminating well paying jobs as a money saving measure. As well paying jobs are decreasing, there is a rise of Mcjobs or shall we say minimal wage jobs which pay just above poverty wages. As a result of job elimination and the increase of minimum wage jobs, the middle class as we know it is practically eroding.
Of course, the rich who owns the means of production and/or who are in powerful positions are becoming more wealthier. The middle class is becoming increasingly lower class and the lower classes are absolutely falling through the cracks.
Because of the increased chasm in social class, there are protests against the power structure such as the OWS movements throughout the United States. I do not believe that there is going to be economic warfare; however, people must become smart and adopt a new working paradigm of not depending solely upon companies and corporations to gain employment. In other words, they must become more entrepeneurial regarding earning their way.
by days leaper5 years ago
As some-one said to the question. "Is any-one else in the west fed up of america's war mongering?" that 'we're already in a third world war due to all the skirmishes that the major powers are involved...
by Tariq Sattar2 years ago
Are we all human beings heading towards World Civilization or not?It is highly probable that we all are heading to what is referred as a global civilization; which is believed to be the ultimate human destiny. Evey...
by Jason Menayan6 years ago
What are your thoughts on this?"We're going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but...
by Anish Patel6 years ago
Are we heading towards a depression?I keep hearing different things. One week it's: we are on our way to recovery! Another week it's: Greece could default throwing the world economy into chaos and the US economy into...
by Ralph Deeds6 years ago
Floyd Norris, NYT chief financial writer thinks so.It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again. The unrelenting...
by Ralph Deeds6 years ago
Perry accuses Bernanke of treason for FED efforts to stave off recession.http://www.nytimes.com/2011/08/17/us/po … perry.html
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