So
Long, Middle Class
By Larry Romanoff for PRAVDA, May 06, 2021
CHINESE
ENGLISH
SPANISH
I
have not seen stated anywhere with sufficient clarity the fact that the
deliberate net result of US government policies is the evisceration of the
American middle class which is being systematically wiped out of existence. It
isn't only that the rich are becoming richer, but that these Great
Transformation policies are predatory in the extreme, deliberately targeting
the middle and lower classes who are losing ground at a staggering rate. As
mentioned elsewhere, America's middle class lost about half of all its wealth
and assets after 2007, and half of that entire middle class had firmly
descended into the lower class, a financial and social pit from which there is
no likely escape. With the economy still on life support and no recovery in
sight after ten years, with only low-wage and part-time jobs being created, the
odds of recovery for those tens of millions of families are slim to non-existent.
