by Chris Hedges
As food and water shortages expand across the globe, as mounting poverty and misery trigger street protests in the Middle East, Africa and Europe, the elites do what all elites do. They launch more wars, build grander monuments to themselves, plunge their nations deeper into debt, and as it all unravels they take it out on the backs of workers and the poor. The collapse of the global economy, which wiped out a staggering $40 trillion in wealth, was caused when our elites, after destroying our manufacturing base, sold massive quantities of fraudulent mortgage-backed securities to pension funds, small investors, banks, universities, state and foreign governments and shareholders. The elites, to cover the losses, then looted the public treasury to begin the speculation over again. They also, in the name of austerity, began dismantling basic social services, set out to break the last vestiges of unions, slashed jobs, froze wages, threw millions of people out of their homes, and stood by idly as we created a permanent underclass of unemployed and underemployed...
Read more:
http://www.globalresearch.ca/index.php?context=va&aid=23608
No comments:
Post a Comment