Posts Tagged ‘Fred Reed’

USA is on the brink of …… something

August 19, 2016

A blogger named Fred Reed sees parallels between the United States today and France on the eve of the French Revolution.

I know three young women of exceptional intelligence and talent, all of them mature and disciplined.  They cannot find jobs.  It is not from lack of trying, far from it.  One of them is married to a hard-working man in a highly technical field usually associated with wealth.  He is paid a low hourly wage and forced to work on contract, meaning that he has neither benefits nor retirement.  His employers know that if he leaves, they can easily find another to take his place. They have him where they want him.

[snip]  In numbers that a half century ago would have seemed impossible, the American young live with their parents, being unable to find jobs to support themselves.  Waitressing in a good bar pays better in tips than a woman with a college degree can otherwise earn, assuming that she can earn anything at all.  Employers having learned to hire them as individual contractors, they move into their thirties with no hope of a pension for their old age.

Desperation and hatred are close cousins.

Meanwhile, Jeffrey Bezos of Amazon makes spaceships and buys the Washington Post as a toy and the newspapers have reported that a Croesus of Wall Street has bought a Modigliani, it may have been, for $55 million dollars.

[snip]. The homeless in San Francisco are now described as “a plague.”  There seem to be ever more of them.  But not to worry.  Never worry.  The stock market remains exuberant.  In nearby Silicon Valley, a man buys a new Lamborghini every year.

(more…)