Beyond the Bailout: Self-Finance the Real Economy |
Tuesday Dec 16 2008
By David Korten | Website
Read the previous post in this series.
Far from serving the financial needs of Main Street, Wall Street treats Main Street like a colony to be managed for the benefit of its colonial master. In alliance with the Federal Reserve, Wall Street players have used a combination of control over the money supply, predatory lending practices, and lobbying and campaign contributions to suppress wages, dismantle social safety nets, and capture the value of productivity gains for themselves. The top 1 percent of U.S. income earners increased their share of national cash income from 9 percent to
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Written by eldering at The Great Turning
Tagged with: local_self_reliance main_street new_rules_project wall_street
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