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Whatever Happened to the Good Life?

By Astra Taylor, Adbusters. Posted November 2, 2007.


Americans keep making less and spending more. That lifestyle is contributing to supersized debt and the decline of progressive politics.
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Since we're accustomed to thinking of young people and students as the shock troops of social change, explaining youthful inertia has become a national preoccupation (sadly, we expect impassivity from the middle aged). Many point to the absence of a draft as a motivating factor. Others cite the lack of contemporary examples of successful collective action to inspire faith in the efficacy of protest. But more often than not, the problem is conceived as cultural. The emerging generation, of which I am part, is post-Watergate, post-Monica Lewinsky, and weaned on irony and satire. We expect the government to deceive us and are hardly surprised, let alone outraged, when these expectations are met. Others argue that young people aren't particularly self-absorbed or apathetic; they're overworked and indebted. Today's twenty- and thirty-somethings are so busy struggling to make ends meet, they simply don't have time to take to the streets.

The latter theory has gained traction with the recent publication of three thoughtfully argued books: Tamara Straut's Strapped, Anya Kamenetz's Generation Debt, and Daniel Brook's The Trap (subtitled Selling Out to Stay Afloat in Winner-Take-All America). Compared to our parents at the same age, these authors contend, we're working longer hours for less money, reduced job security, slashed benefits and fewer social services. Over the last four decades, opportunities for social mobility have declined dramatically, with wealth concentrating to a degree not seen since the Gilded Age.

In other words, it's getting harder and harder to stay -- let alone join -- America's crumbling middle class. Today's minimum wage is worth 30 percent less than it was in 1968. According to Draut, "if wages had kept pace with rising productivity between 1968 and 2000, the average hourly wage would have been $24.56 in 2000, rather than $13.74." Instead -- and particularly in fields with a social service component -- salaries have failed to keep pace with inflation and benefits, like health insurance or retirement funds, are elusive rarities. Meanwhile the cost of living has skyrocketed. Between 1995 and 2002, median rents in urban centers like San Francisco, Boston, and New York surged by sixty or seventy percent. The price tag on a simple studio in these cities is well over a thousand dollars a month. Finally, a college degree, often regarded as the key to a middle class lifestyle, costs more than ever before. In the 1960s and 1970s, when many quality public universities were free, Pell Grants covered nearly three-quarters of college tuition; today, the percentage has fallen to one-third. At the same time, tuition has outpaced inflation three times over since 1980. As a result, the average student leaves a four-year college with over $20,000 in educational debt; a graduate degree means $45,000.

As a member of "generation debt," I know these frustrations firsthand. It's hard to feel footloose when your owe $40,000 in student loans and haven't even started chipping away at the interest. I've had to move back in with Mom and Dad when housing costs were too much to cover. I haven't had health insurance in eight years and saving for retirement isn't even on the horizon. But are things that bad? Am I really so oppressed? Unlike twenty percent of the world's population, my basic necessities are covered. I've got food, clothing, shelter, and then some. I'm typing this on a G4 titanium laptop. I have a cellphone. I've traveled the world.

The fact is, even though young people today are making less, we're spending more. Between 1979 and 1990, the spending of the average person working for minimum wage increased by 30 percent. Generation Y has an inordinate amount of buying power in the United States: $175.1 billion dollars per year, much of which is wielded during the twenty plus hours a week they're online. And supposedly we have no time for activism? It makes sense that in a society where young people carry supersized debt, they expect a supersized lifestyle. Though generally inhabited by fewer people, the typical new American home is 40 percent larger than it was 25 years ago. The same period has seen the quadrupling of retail space per capita, which says something profound about rates of consumption. Jumbo SUVs, loaded with luxury options, make up half of all private vehicles on the road. Pleasure and vacation travel have become standard. Air conditioning in dorm rooms, a smorgasbord of dining options, extravagant fitness centers to work off those extra calories -- all amenities unimaginable back when college was cheap.

Since the mid-seventies, when experts starting keeping track, Americans' definition of the "good life" has become increasingly materialistic. Over the years, the good life has become more likely to include a home, a vacation home, a car, a second car, a color TV, a second color TV, travel abroad, designer clothes, a pool, a job that pays more than average, lots of money, and so on. Immaterial responses -- a happy marriage, children, interesting work, and a job that contributes to the welfare of society -- have either flat-lined or become less popular over the years.


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Astra Taylor is a writer and documentary filmmaker. Her first book, "Shadow Of the Sixties," is forthcoming from the New Press in 2007.

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Those Were The Days, My Friend
Posted by: Tom Degan on Nov 2, 2007 1:36 AM   
Current rating: 4    [1 = poor; 5 = excellent]
The good life is dead.

The lovely world of a stable, thriving middle class is as dead as a door nail. Get used to the idea.

And it is gone forever.

Forever.

The begining of the end of the American dream came twenty-seven years ago when the electorate foolishly - STUPIDLY - sent a feeble-minded, failed "B" movie actor named Ronald Reagan to the White House.

On Election Day 2000, when the stupid fucking American people sent a corrupt, hideous, half-witted little frat boy by the name of George W. Bush to the Oval Office we effectively pointed the proverbial loaded pistol at our own collective head. Four years later, on Election Day 2004 - make no mistake about it - we pulled the trigger.

It's over....

It's fucking over.

Tom Degan
Goshen, NY
"The Rant" by Tom Degan

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

» You've got me pinned, Kaptn'! Posted by: Tom Degan
» pfft! Posted by: KaptainSpiffy
» In the Front of My Mind Posted by: Sparks56
» RE: Those Were The Days, My Friend Posted by: Overburdened Planet
» RE: Those Were The Days, My Friend Posted by: Overburdened Planet
» RE: Those Were The Days, My Friend Posted by: Overburdened Planet
» *puts right foot in* Posted by: KaptainSpiffy
» Attack and Marginalize.... Posted by: CatDad
» RE: Attack and Marginalize.... Posted by: MeridaLady
» RE: Those Were The Days, My Friend Posted by: Iconoclast421
» RE: Let me guess... Posted by: Jasonix
» These ARE The Days Posted by: Iconoclast421
» you couldn't be more wrong Posted by: KaptainSpiffy
» wait until you are hospitalized Posted by: KaptainSpiffy
» RE: Those Were The Days, My Friend Posted by: CommonDreamer
Oh yes!
Posted by: TT22 on Nov 2, 2007 3:01 AM   
Current rating: 1    [1 = poor; 5 = excellent]
The GOOD OLD DAYS!

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

» Huh? Posted by: maddy
» yawn... Posted by: Coleman
too busy buying a 'lifestyle'
Posted by: KaptainSpiffy on Nov 2, 2007 3:48 AM   
Current rating: 5    [1 = poor; 5 = excellent]
to realize we've been caged and plucked.

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we're born free, educated poorly (trained for jobs, not taught to think) and become self-indulgent
Posted by: Suzon on Nov 2, 2007 3:54 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Jumbo SUVs, loaded with luxury options, make up half of all private vehicles on the road. Pleasure and vacation travel have become standard. Air conditioning in dorm rooms, a smorgasbord of dining options, extravagant fitness centers to work off those extra calories -- all amenities unimaginable back when college was cheap.

That doesn't translate into happiness. What it does translate into is corporate profits! The same corporations which exercise power over the media and the sell-out Congress.

The Americans who make enough money to have disposable income, feed it right back into the corporations that make such a mess of the society, the environment and the world we live in.

Connect your own retail therapy with your unhappiness with--and fear of--your corporate-led government!

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one thing lacking in the article...
Posted by: Farmertim on Nov 2, 2007 4:22 AM   
Current rating: 5    [1 = poor; 5 = excellent]
was the fact of us who want to secure the good life based on early 60 ideals of food shelter warmth, have to compete with the indulgences of the many who drive up the price which make it near impossible to compete to purchase the necessities.
In my experience as a organic farmer my necessities are nominal and traditional. Land and supplies to grow food. I have to pay extremely inflated land prices, land rent, fuel and other inputs in order to service other like minded people who are in the same position and facing the same pressures of a high cost of living which turn my product into a luxury even though most consider them an essential.
This I realize will not continue for when push comes to shove, luxuries will go out the window in times of choice and the cheapest food will win out and that is not me.
Health insurance has now become a necessity from an instilled fear, but my food price pails in comparison to monthly health care coverage, yet that realization I fear is far off and the rethinking of food as the most important item of the day has been so buried in our society, it will take some time to resurface as the real source of security.
And as long as we are ignorant or able to redeuce our exposure to the people on whos backs our excesses are burdened these things will never change.
Maybe its just me and my daughter, but we cannot help but wonder how things can be so cheap in the store, and not have an unease in watching a TV made by someone who makes $6.00 in a twelve hour day.
Farmer Tim

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» thank you farmer Tim Posted by: lionsdenmother
I choose to look at things a little differently...
Posted by: wmichaeltrout on Nov 2, 2007 4:36 AM   
Current rating: 5    [1 = poor; 5 = excellent]
if you keep score by the means you have chosen, then i think you deceive yourself and your readers...

if, as many wise men have iterated, that wisdom and knowledge (in that order) are, or should be, our goals in life, then, for many of us, those fortunate enough to 'be connected', are so much richer than our forbears... the internet brings us so much information (not all necessarily knowledge, and not all necessarilly wisdom), that if we are alive, we have obviously been nourished (i AM talking about americans here), and if you are reading this, you certainly are more blessed than the great majority of this world.

i am offended, myself, when we americans bitch and moan about losing our (entitled?) pre-eminant position among the populace of this earth...

from my christian upbringing, i remember that Jesus fed 5000 from a few fish, and a few loaves of bread, after his sermon on the mount. god can shower abundance from nothing when he so chooses.

my grandmother, who i am sure has a place at god's right hand, always reminded me of what i believe to this day is the most important message from that sermon ... and that is, that after all the multitudes had eaten, and been filled, that Jesus sent his disciples to gather up all the leftovers, the fish and the bread.... why?

So that it would not go to waste.

And so, I ask you to open your minds, open your hearts, and be not afraid of 'globalization', or even 'illegal immigration'; many of our forbears came here 'undocumented', and became the salt of our emerging society, and many, including the irish, the italian, and others, endured the hazing of this new society, with hope, and faith, and finally with a successfull triumph as pillars of our nation....

please, open your hearts and minds to those who come here to seek nothing less, and nothing more....

i know this discussion is not over, and i know there are aspects of this that i have not addressed... let us move ahead tho, i beseech you, my brethren...
and he promises that abundance, to those who would follow his most simple and golden rule, to treat our neighbor with as much love as we reserve for ourselves.

so, my friends, be not afraid to cast your bread upon the waters ... and be not afraid to love your neighbors, and, indeed, your enemies... for didn't our lord say, it is easy to love our own, but the challenge is to love even our enemies?

i am a gay christian, and this is my testimony for today.

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» what is this? Posted by: KaptainSpiffy
Whatever Happened to the Good Life?
Posted by: Leman on Nov 2, 2007 5:18 AM   
Current rating: 2    [1 = poor; 5 = excellent]
The right question to ask would be:
"Was it ever there?"

The black-and-white picture of a happy family attached to this article is very typical of the "America's Golden Age" fantasy but it looks about as real as the nifty fifties story itself. The whole idea of everybody living good hearty middle-class life sounds bogus. Yes, unions were stronger then. Yes, college education surged due to the GI Bill. Yes, the economy was doing great - especially when comparing to the countries who actually had fought the war from the beginning of it.

But let's keep things in a perspective here. Drive through the worst urban ghettos (or walk if you are brave enough) and look around you. Boarded houses. Destroyed roads. Commerce consisting of nothing but pawn shops and liquor stores. In short - scary degree of economic, social and psychological devastation. And yet - every project will have a parking lot full of cars. Visit some of those people. You will see half-crumbled cells instead of apartments, rare pieces of junk furniture, often no fridge - and a 27" TV in the middle of it all, often running HBO 24 hours a day.

How many people in 50s or 60s owned a car (let alone an SUV on 22" chromium wheels)? How many had a TV? How many had a TV for the living-room, another one - to watch Geraldo while cooking lunch and another one - to play PlayStation while parents pretend they think you are doing your homework? How many households in America had a PC? What about cell phones? How much did people pay for their cloths? How many families were eating out 3 time a week? How many people had access to flu shots? What about Hepetitis B vaccine? What about HIV tests? Yes, I know you are going to say there was no HIV then.

We advanced tremendously since the "good old days" and many of those advances reach the very bottom of the bottom of our society. Yes, they mostly benefitted the top, but then - it was mostly the top who paid for them too. And even while acknowledging that goodies of our civilization got distributed in a highly inequitable manner - we have to realize that they surely affected everybody to some degree.

Before we start sobbing for the good old days gone forever, it helps to stop and ask how good those days really were.

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» tit for tat Posted by: Leman
Great article!
Posted by: war_on_tara on Nov 2, 2007 5:41 AM   
Current rating: 5    [1 = poor; 5 = excellent]
She's able to see both how the little new "necessities" add up (cell phones, iPods) and to see the big picture:

We need to reevaluate the supposed "necessity" of higher education (especially people interested in the humanities, the arts, and in social change, who may find the fortune they spend on tuition could be more fruitfully invested elsewhere)...

That's the most radical phrase I've read anywhere in weeks! To discuss higher education in progressive circles, almost always, is to scheme how to rope more cattle into the stockyard.

And of course, I assumed she would find a way to blame everything on her parents' generation. Pleasantly surprising and inspiring article - I'll look for her book & byline.

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Hey America! You usually get the life you deserve...
Posted by: Farasien on Nov 2, 2007 5:45 AM   
Current rating: 5    [1 = poor; 5 = excellent]
I find it difficult to impossible when I read things like this:

"Many things Americans currently consider necessities didn't even exist a generation ago. Cell phones weren't on the survey in 1996, but are now considered essential by 57 percent of respondents between the ages of 18 and 29 (8 percent of the same group considers their iPod to be a necessity, not a luxury). "

...to feel sorry for those of 'generation debt'. I'm in my early 30's, I went to a state college, have a reasonable home and lifestyle which I built without succumbing to the stupidity of our consumerist 'gotta have it NOW!!!' culture. The problem, in my view, with society these days is that we focus on image to the extreme exclusion of substance and think nothing of destroying ourselves in various ways as we compete for the status symbols (there's a pathetic thing right there) marketing assholes tell us we can't live without. I find it disgusting that we, as a people can't seem to understand that marketing and lifestyles based on greed and materialism are not only destructive to us individually, but to society as a whole. If you take a snapshot of society these days, you see a culture that’s falling and rapidly gaining speed. I believe this is due to our unwillingness to focus on the pertinent things in life and to ignore the fluff and glitz. When you die, you're real worth isn't measured in how many square feet of house you owned or how much fake, plastic 'bling' (I HATE that damn term) you've managed to accumulate, its measured in the level of impact you’ve had on the world and the people whose lives you've touched. Until we realize this and actually live it, the marketers and politicians will continue to divide us, financially and philosophically rape us and use us to make themselves even richer. Its time to wake up America, the house is on fire.

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» How to Buy Food on Credit Posted by: DataDoc
This is the most pressing issue facing our generation
Posted by: Trazom on Nov 2, 2007 6:08 AM   
Current rating: 4    [1 = poor; 5 = excellent]
since it impacts every single facet of our lives. Global warming is of course just as important, if not more, but this issue is likely to change the way we live our lives, as Americans, much much sooner. I would like to see an article on this topic every day, but sadly I do not.

While people theorize and philosophize how we got ourselves into this predicament, of the self-medicated dumbed-down middle class in this materialistic struggle to consume ever more with dwindling paychecks and resources, while simultaenously casting off all things that used to be sacred to our lives (family, caregiving, growing our own food, etc.), it doesn't change the fact that we are here now and the only way to fix this is by going forward.

I read the Alternet articles about the cost of higher education, the cost of US healthcare, of housing, food, oil, etc., ad nauseum, with near stagnant wages, loss of unions, no job security, vanishing pensions, and the threat of offshoring entire communities, and am left with only one conclusion.

We are in serious trouble.

I do not think the powers that be necessarily designed the system to be the way it is today, rather, I think it naturally developed as an effect of their illustrious greed. Obviously, if you continue to siphon money and resources to the top, the bottom rungs of society will suffer the most (as they always have). But now something different is happening. The middle rungs are beginning to show serious signs of decay.

It is a sign that we have eclipsed the turning point.

Take a look around you, examine your situation, and extrapolate out a few years from now, maybe 5. What do you see? I see a great deal of pain and misery, sadly. There is no other conclusion given the current trendline.

Even more sadly, this issue will not see the light of day with whomever is elected President in '08. Much like global warming, it is a slow, insidious process that has taken years to unfold, and will take several more years still.

Trying to convince people today that they need to batten down and prepare for the future is about as useful as having a two-way conversation with a dog. By its very nature, the oncoming socio-economic disaster that awaits 95% of the American population will go unnoticed by most until it is too late. Like the death of a thousand cuts, one day that 95% will wake up and wonder what the hell happened to them, when they suddenly put down the cellphone, ipod, or whatever, and realize:

1. Their pension is gone, 401(k) is worth next to nothing
2. Their bank accounts are near worthless
3. They will never own their own home, or even if they do they won't be able to afford their property taxes
4. Their kids' futures are non-existent
5. Moving to India would be a better career move
6. Having a serious illness or accident is a death sentence
7. There is a military draft to occupy one of several wars in the world, since no one is stupid enough to volunteer anymore
8. It will cost just as much to drive to the grocery store as it will to buy the weekly food you will need to live on
9. Credit card companies will still get your money, even if you have nothing, they will effectively be the 4th branch of government

You get the picture. I hate being pessimistic - I really do. But if someone can show me how the above won't happen then I would gladly change my tune.

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» Relax, point #8 will never happen Posted by: Iconoclast421
» RE: be optimistic Posted by: aka_bozo
» Too true! Posted by: DataDoc
New Teaching Tool?
Posted by: Gravitas on Nov 2, 2007 6:47 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Is there a newer version of the video Afluenza out? I used to show it to my class until the Rev Ted Haggard's sex scandal. Everyone just laughs as he pontificates about greed and materialism when in the back of their mind they are imagining him........

As far as student loans go, students should organize for debt forgiveness, or at least debt reduction. If the elite can steal two elections for the sake of robbing the country blind and ruining what was left of our reputation internationally, students saddled with debt should feel no guilt in wanting relief. Power goes to those who take it. The rest of us need to stand up to the power-elite and take back what they have stolen from us!

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The planet is a playground for the rich...
Posted by: dover23 on Nov 2, 2007 6:58 AM   
Current rating: 5    [1 = poor; 5 = excellent]
and they are enabled by this hoax known as US Democracy. They control politicians and the media. They control the access to the tremdous amount of wealth that surrounds us. They let the rest of us fight for the spare change while they lead lives of luxury and play war games.

They control the system, and they do not and will not ever let it be used against them. If this is not obvious yet then it might not ever be. So-called progressive politics will not be effective for positive change in today's environment in the US. The system is way too corrupt and has too much control over people's lives. It looks like Hillary or Rudy time, choose your poison.

Friends tell me anyone will be better than Bush. I say keep scapegoating Bush and these major structural problems remain undetected. Nothing will change for the better anytime soon, only for the worse. Help yourself now, reject consumerism and save for the future by trading earned dollars for something of stable value. The world is full of such things, use your imagination (or the internet!). We will eventually win, keep your sense of humor in the meantime.

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» THE WORLD IS YOUR PLAYGROUND Posted by: HistArch
A new day dawning
Posted by: solrev on Nov 2, 2007 7:01 AM   
Current rating: 2    [1 = poor; 5 = excellent]
Sometimes you enlighten people have just as many apocalyptic visions, as the pagans do. Good times or bad times are just times. What do you expect from the space-time continuum? God told me in the garden that I would surely die and my flush would return to the stardust from which it was created. However, God also told me that I could live in the creation by the sweat of my brow. Someone else told me that “when I’m dead and when I’m gone there will be one child left to carry on”. It is never the end it is always the beginning until the end of creation itself if that ever ends.

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Being happy with what I have
Posted by: steven w on Nov 2, 2007 7:08 AM   
Current rating: 5    [1 = poor; 5 = excellent]
is what I have been trying to do. I have tried not to regret my apathy in the previous decades, but damn! It was so much fun! We actually had things, but most importantly we used to talk to each other, smile at each other- we actually had alot of sex, which as far as I am concerned that is the greatest loss. It's an awful thing now. That's what they seem to say, or at least imply. Besides, who the hell has the time? HA!! Take the microwave, cellphone, and whatever, but give me back my society, please. But if I cannot be happy IN THIS MOMENT, I never can be. Easier said than done, but it is one of two secrets to happiness. The other is giving to others without letting anybody know. But damn! I too get discouraged.

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TURN OFF THE T.V.!!
Posted by: steven w on Nov 2, 2007 7:15 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Ignore the marketing.

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THE GOOD OLD DAYS AREN'T GOOD ENOUGH
Posted by: VZEQICVA on Nov 2, 2007 7:37 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
The prospect of living longer seems to slow down the process of just growing up even though physical maturity happens earlier than ever. A decade is spent 'deciding'. No one is ready for marriage, children, work, etc. By the time this happens people have become self absorbed and sharing is a burden. Wants have become needs. I think many people are bored with the pursuit of whatever the next thing is. It's sad. We definitely have to laugh more. And turn off the TV. Thanks, ANNA

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A poor understanding of history and economics among young people bodes poorly.
Posted by: ABetterFuture on Nov 2, 2007 7:47 AM   
Current rating: 5    [1 = poor; 5 = excellent]
If genuine historical context is too "boring, as if" (or simply too much trouble to delve into compared to spinning history out of whole cloth) for young writers, then I suggest folks that are under the impression that we are worse off--as a nation--put Upton Sinclair's The Jungle, or Steinbeck's Grapes of Wrath. Both works of fiction, but very close to history.

Not much has changed, folks: people who consistently make poor decisions generally end up with poor outcomes, all things being equal. That goes for people who finance/(f)lease personal autos--even the dread SUV, that goes for people who secure loans several hundreds of thousands on a salary of tens of thousands to *rent* a home from the bank that is worth less than they borrow, that goes for college kids who party with credit cards. It's been that way in this land since Jamestown, and it will be that way tomorrow. If you stay dedicated to being stuck on stupid long enough, then that will become your story.

Or, rather, ^ your article.

Now, we do need better policy makers. We need folks who can balance a budget looking over our tax dollars. We need folks that will not spend lives and treasure in useless warfare. We need people who look at taxation as a means to build infrastructure, rather than a means of buying votes, or shoring their political power.

All that would be great for our nation in the long term. Making wise financial decisions would be great for individuals, today, as it was for individuals yesterday.

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Reducing us to a third world country--there is a STRATEGY behind this!
Posted by: zooeyhall on Nov 2, 2007 7:53 AM   
Current rating: 4    [1 = poor; 5 = excellent]
There is a sinister purpose behind all of this. The middle class is often the part of society that pushes for reforms and change. They have education and some financial security. They are more aware of the possibilities for change and reform then the poor classes. The wealthy oligarchs do not WANT change. So frequently it is the middle classes in a society where progressive reform originates from.

So the oligarchy in this country has come up with a solution: keep the middle-class financially stressed and off-balance. Start out-sourcing the professional technical jobs. Break the unions. Import illegal immigrants and H1B visa persons. Move or threaten to move the company if you don't get wage concessions.

Then hit them with the second punch: create a faux-news media that spreads paranoia and an obsession with triviality. Hammer home the propaganda line that everything is just swell with the economy, so if you aren't doing well then--by implication--you must not be working hard enough!

Finally, bring in the churches and right-wing religion to offer a pablum for their woes. Use religion to divert them to thinking about their reward in heaven, rather than going after the problems and people here on earth who are actually causing their difficulties.

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thoughtful article
Posted by: off-the-radar 2 on Nov 2, 2007 8:03 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Thanks for a thoughtful article.

Here's another interesting take on what a 18 year should do, written by a Russian survivor of their societal collapse. advice to an 18 year old

This perspective has really made me think about what is appropriate for my kids and we've started to talk about it already. Higher education? not so much. Life skills? definitely.

Although I really worry what the future will be like for women; even those with solid life skills. . .

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A Point that Seldom is Made
Posted by: SF_Patriot on Nov 2, 2007 8:04 AM   
Current rating: 5    [1 = poor; 5 = excellent]
It is rightly pointed out that much of our "affluence" is due to wealth being created by credit. Yet it is very rare indeed that the most egregious example of such is even mentioned. Namely, the creation of debt by the Federal Reserve. Interestingly enough, virtually all of these essays use the late sixties to mid-seventies as a benchmark for U.S. affluence, because that time was also the beginning of the end of real tangible wealth. Nixon ended the Gold Standard for U.S. currency in 1971, and the U.S. along with the rest of the world has been using fiat currency ever since. The Bankers finally got what they wanted, and the middle class was forever doomed.

We've all heard the expression, "money doesn't grow on trees", but in fact it does. The idea that wealth can be created out of thin air certainly has its appeal, but it comes with some pretty dire consequences. What's worse, those consequences are not seen until decades later. Most people nowadays have no concept of what money really is. The creation of real wealth seems to be a mystery. Most people do not realize that the Federal Reserve System and the I.R.S. are part and parcel of the Banker's conspiracy to strip us of our wealth. And we have indeed been stripped of our wealth entirely with fiat currency that is in reality worth nothing more than the paper it is printed on. One way the Fed combats inflation, is to simply print more "legal tender" bills, yet this in actuality deflates the "value" of the dollar. So we are paying with a hidden tax on our money, and then we have the abusive an unconstitutional income tax that pays the interest on the loan for printing funny money. What a scam! The middle class is an aberration, because its true wealth is owned by the banks; take away a job here and there and wait for their meager savings to run out. Then you will see the banks foreclose the loans on their S.U.V.'s and suburban tract homes.

When money was actually something tangible, namely gold and silver (or the bank notes assured that such was on deposit), savings meant something. Nowadays, to save your money is pure folly, since it will be worth less in the future. Such was not the case before. My advice would be to hoard silver and gold, because the dollar cannot remain solvent much longer; at least not without continued military aggression and political meddling throughout the world. The world is already losing faith in our "supreme" currency, and we are losing our strategic power whilst we simultaneously dismantle our true means of wealth creation at home, which is indeed our ability to manufacture things. If we do not make some bold, revolutionary (or perhaps counterrevolutionary?) steps very soon, the resulting and inevitable burst of this financial bubble will have some very unfortunate consequences. Then, and it seems like only then under such duress will the people rise up against their masters. But do not think that our masters haven't planned for such an outcome. Why do you think our liberties have been stripped away? We're talking about minutiae here, while the big picture is outside our frame of thinking. We've got to take back our government, and trust me, the Democrats aren't interested in helping us.

Vote Ron Paul, he's our last hope for revolutionary change.

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More signs things are out of whack
Posted by: Trazom on Nov 2, 2007 8:11 AM   
Current rating: 5    [1 = poor; 5 = excellent]
There are more and more commercials for luxury cars on television, when people are still paying for last year's heating bills (despite a warm winter in the northeast).

A credit card company is the only way for some people to "save" money, in a high-yield savings account. Never mind that folks could save more money by only buying what they can afford, and investing what is left in a savings account.

There is a credit card called the Chase Freedom card (free, to do what I want!), when the act of using a card promotes indebtedness, or a form of slavery. Still don't know how the Stones got involved with that one.

When you tell a group of people that you don't have credit card debt, they look at you like you have 3 heads.

Healthcare premium for a family of four will vey soon (or already is) eclipse the total yearly gross salary on minimum wage.

The cost of eating out and going to see a movie, for a family of four, is more expensive than buying many color tv sets. The cost of going to the county fair can be even worse.

If you use ATM machines only to withdraw your money, and you're not a member of that bank, you could actually wipe out all interest earned on your account through ATM fees, depending on the size and frequency of withdrawals. Better to just convert your paycheck to cash and shove it under your mattress for many folks.

Some banks are charging nominal fees to deposit coin rolls into your account. For pennies, that can be a sizeable percentage fee. So much for teaching little Johnny about the value of a piggybank.

I'll bet you can think of a few.

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The middle class is being mined
Posted by: ReallyBearish on Nov 2, 2007 8:42 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Goldman Sachs is heading up a group of market manipulating entities. The middle class chumps "invest" and then get their pockets picked. The "regulators" and the press serve as their little helpers.

Read the following:

www.gold-eagle.com/editorials_05/willie110107.html

When they're finished, the USA will be a 3rd world country begging for handouts.

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» It's not just the socialists Posted by: ReallyBearish
Complicit from birth
Posted by: zeofredo on Nov 2, 2007 8:46 AM   
Current rating: 5    [1 = poor; 5 = excellent]
This article is right on point. The first paragraph lays it all out there.

I've been harping on this theme for a long while... to no avail, probably, since I've elected to take no job that smacks of careerism (I'm a laborer) and am often unemployed as a result. But I also have a debt-free life. This means I have no credibility in the eyes of those who work long hours and weeks in order to keep their families fed and furnished. Some of my friend's high demand lifestyles are robbing them of the vitality and humor (especially irreverent) I once admired... now this is replaced by self-righteousness and scorn for the 'ignorant' young generation.

I have listened to the chagrin of one friend who implied that there are 'lotus-eaters' who are not contributing to social change by opting out (by living expat lives in far off lands, for example) in order to avoid action on home turf. Of course, he is too busy with mortgage payments and family to do much himself... it's up to the free-spirited young to do something! And right there is the problem: how can we have an integrated, meaningful response to ruling forces when most of the adult population is bound up in the very process that is undermining their desires to act? How can a few activists stand up without greater support from their older peers, some of them former radicals?

I completely agree that nothing will truly change as long as we are chained to our comforts and luxuries. It confines our thinking into 'having' and 'aspiring', not 'being' and enjoying the moment. And living on credit is much like believing in the afterlife: deferring all hope and living through fiscal purgatory in the belief that a brighter day will bless us and redeem us.

So too are we ignorant of the real poverty and suffering in so many other places. I simply can't sympathize with folks in North America who bemoan their compromised personal lives: they are living in very nice homes decked out with high-tech hardware, which they get to enjoy a few precious hours per week. No one coerced you into the harness of production, ladies and gentlemen, and at least you are getting SOMETHING for your efforts.

Not so for those in less fortunate places south of the equator, to say the very least.

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Blame immigration, Kleinism
Posted by: Bobsays on Nov 2, 2007 8:56 AM   
Current rating: 3    [1 = poor; 5 = excellent]
First, immigration:

1) Immigration is at its highest level ever, not just in the US, but all over the Western world. This has multiple effects, but its most pronounced is to destabilise and reduce salaries and wages. It also causes chaos in communities and basically wipes out collective action because nobody wants to waste their time organising and protesting to help some other group of people they can't relate to. Immigration also sparks a cold war like amibition competition. The overly ambitious asian student seeking the highest grades, the highest salary, the fastest route to wealth, ups the game for everyone. And as we can see from the rising new giants of China and India, this is being shaped in a very materialistic vision. More is ALWAYS better. This is the cause of all the debt.

2) Kleinism: the deep political cynicism best espoused by Naomi Klein is actually a disinsentive to wider political movements for change. It encourages activism to be replaced by knowing nods about pop culture and the media. While a great parlour room game, it is not the route to serious and long-term social change. Young people are attracted to this sort of no-commitment political discourse because it makes it all seem as easy as a good read at the coffee shop.

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» Relunctantly--I have to agree Posted by: zooeyhall
» Balderdash! Posted by: talkville
People need to know why this is happening
Posted by: MrX on Nov 2, 2007 9:04 AM   
Current rating: 5    [1 = poor; 5 = excellent]
We are getting duped because we don't understand how the system works.

Federal Reserve Bank. They are causing the dollar to fall, and when that happens we lose our purchasing power. Please look into this.
http://www.youtube.com/watch?v=ji_G0MqAqq8

This is also on the inflation tax
http://www.house.gov/paul/tst/tst2006/tst071706.htm

How_our_financial_system_really_works
http://tinyurl.com/2lvqqv

http://digg.com/videos/educational/The_Money_Masters

Also if H.R. 1955 passes the Senate, they are going to start cracking down on what people say on the Internet. A commission will be setup to study how the things we say on the Internet can lead to terrorism. http://tinyurl.com/256lgn

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"Good" life
Posted by: willymack on Nov 2, 2007 9:54 AM   
Current rating: 5    [1 = poor; 5 = excellent]
We've been programed (brainwashed) over who knows how many years to expect our nation to be the land of plenty, with unlimited horizons for all, and no end to the cornicopia of cheap food, cheap fuel, and an ever expanding plethora of material goods and gadgets that we never knew we needed. Our elected officials were looked upon as infallible demigods who would NEVER screw us over and were ALWAYS right about everything. It's almost incredible, given the events over the past 30 years, that some people (far too many) still carry this mindset with them, and will angrily attempt to refute anyone who points out that we're being royally screwed over by our saintly "leaders". This process is incremental and DELIBERATE, make no mistake about it. It's also cyclic. There was a "Guilded Age" before this one, and there'll probably be another after this one self-destructs, with all the turmoil and grief that implosion creates. Unless we wake up and begin, as concerned citizens, to hound our elected officials to stop the abuses of the hideous monsters impersonating our leaders and protectors. It won't take any more time to do this than watching witless sitcoms and "reality" shows and will do all of us a hell of a lot more good.

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Easily Predicted - Read Your History
Posted by: thehousedog on Nov 2, 2007 10:28 AM   
Current rating: 5    [1 = poor; 5 = excellent]
The Roman Empire didn't last all that long either. Bread and Circuses - we have fast food and gadgets. While we are all plugged into who knows what or why, the world around us is crumbling and like Nero, we are just fiddling around. This is what "they" have wanted all along and "we" have given it to them by being equally as disinterested in our country and our success as a whole, indeed the future of our country and this planet - sorry - my iphone is ringing.....

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» RE: Rome? Posted by: aka_bozo
» RE: ome? Posted by: jbur816
» RE: ome? Posted by: aka_bozo
» I read my history Posted by: xconservative
» RE: I read my history Posted by: aka_bozo
The country has gone from
Posted by: AMERICAN VETERAN on Nov 2, 2007 10:38 AM   
Current rating: 4    [1 = poor; 5 = excellent]
"a chicken in every pot" to:

A chicken with pot in the white house.

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