The decline & fall of the USA. for Sunday, February 08, 2004

Sunday, February 8, 2004

The American Middleclass: An endangered species.

There was a time in America when the middleclass was strong and growing. There was a time when the rich, the poor and the middleclass saw growth in their incomes and wealth at or about a four or five percent/year level. Corporations were considerate of their employees and offered them pension plans,... Sign in to see full entry.

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February 2004
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The last two decades have seen the US become more powerful and less secure. Time has also permitted America to get richer but for the wealth to concentrate in fewer and fewer hands. We may be at the peak of our super-power status but it could be all downhill from here.

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