Something to think about:
A new study has revealed that a minimum waged worker would have to work 89 hours a week when only a few other cost of living factors are figured in to pay for an average apartment renting for $836.00 a month in Minneapolis.
The same bankers who have foreclosed on and evicted families from their homes are banking on those they have evicted from their homes will have to rent apartments or turn to condo living--- but, this might end up a bust, too, because of poverty wages:
The banking crowd, ever attuned to quick short-term profits, is oblivious to the pain and suffering experienced by working class families trying to keep a roof over their heads--- it's all about profits.
Which brings us to another problem Karl Marx said the capitalists could not overcome: the problem of workers not being able to purchase what they produce.
And Karl Marx pointed out that when workers can't purchase what they have produced because their wages are too low economic depressions which begin as recessions occur.
Capitalism is having difficulties with:
- Economic collapse.
And did I mention: WAR?
What about: PRICES?
Was Karl Marx really wrong?
Our much celebrated Keynesian economists advising Obama base their economic theories for a properly functioning economy on a smooth flow and interaction between investments and consumption. Nothing seems to be working out for these fellows no matter what they try and no matter how much they tinker--- and, of course, as Alan Greenspan has now acknowledged, the free market left on its own didn't fair too well, either... remember the beginning of the Depression of 2008 which just won't end?
And as liberal economist, John Kenneth Galbraith pointed out: "we can't have guns and butter at the same time"--- no doubt if Galbraith were alive today he would frame his "guns v butter" declaration somewhat differently:
Wars kill jobs the same way they kill people.
Karl Marx pointed out that when Nations spend their wealth on militarism and wars this is tantamount to dumping the Nation's wealth into the deepest depths of the oceans. (True or False?)
It seems no matter how hard Wall Street's over-paid economists and pundits try, they can't manage to win in the battle of ideas against a long dead Karl Marx.
Pretty bad when an entire intellectual Wall Street financed establishment of economists and intellectuals dedicated to saving capitalism can't figure out what to do to get us out of this economic mess... and can't even win a debate with a dead man.