Its been soo long since I’ve seen a lecture on the topic of the economic downturn that actually made since. Its Long but if you dive in you won’t be disappointing. Please watch and Post what you think!
(Skip the introductions in the beginning less you really want to watch)
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I believe capitalism like any other form of social/political structure is in and of itself neither good or bad, but is a tool. I think that it has been a manipulation of this tool that has destroyed the middle class.
Playing devils advocate to myself, however; I cannot help but wonder if the addition work force with the added need of consumption to support the new demand for employment plays more then a significant role.
@taylorreese Of course its biased, (whose perspective isn’t?) and myself coming from a minority perspective can pick at a ton in this lecture that I consider to be of her own inclinations, (no take in account for opportunity in education and the decline of quality education) but what I really found interesting were her figures from her research thus far. So I’m questioning what you find incorrect… The numbers she came up with for the increased fixed expenditures of the middle class? (ie healthcare etc)