RE: America's (And chicago's) shrinking middle class

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RE: America's (And chicago's) shrinking middle class - 4/8/2014 7:37:08 PM

MercTech

Posts: 3706
Joined: 7/4/2006
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I still keep remembering the indicators of a failed third world economy from middle school civics class.

The populace losing faith in their governments ability to maintain the infrastructure. Indicators of lost of faith in government can be prevalence of normally commons services becoming commercial markets like bottled water instead of municipal water supplies.

The main driver for a failed economy is the concentration of wealth in a small elite. Where less than ten percent of the population controls over 80% of the money supply, the economy is failed or failing.

Government
The poor can't pay for government. The rich weasel out of paying for it but work to control it. Who is left to foot the bill?

(in reply to JeffBC)