Tuesday, April 15, 2008
Elizabeth Warren on the cause of the current calamity.
Here is the one hour lecture on why this current crises is going to prove to be one of the greatest economic calamities of our times. The average family today has less then what it had 30 years ago, by a long shot.
This is also the reason why the younger generation now is referred by some people as the generation debt.
Middle class is now in fear for its very survival, and rightly so. After years of restructuring into a redistribution towards the top, our celebrated style of capitalism has managed to keep the spoils away from most of us.