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Austerity/Immiseration Capitalism: What Can We Learn From Venezuelan Socialism?

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The US economy has not managed to climb back from its pre-recession level of unemployment. Far from it. Nearly 14 million Americans currently are jobless and things look to be getting worse before they get better (assuming they do get better), in what is increasingly becoming an era of downward mobility for 99 percent of Americans and a new "Gilded Age" for the 1% who constitute the financial aristocracy. There is just one job available for every five individuals looking for work. Those finding jobs are finding pretty lousy jobs, often part-time and with fewer and fewer benefits. But it is appreciably different for those at the top. The richest 10 percent of Americans received an unconscionable 100 percent of the average income growth in the years 2000 to 2007.

For years the US has been attempting to overthrow the Venezuelan government. We must not like their attempts at success.
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Dennis Kaiser is an author and consultant focusing on individual rights. As a US citizen Dennis is deeply concerned over how our nation has fallen from being productive and full of hope to one where that hope is being stripped from the majority (more...)
 

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