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-- real wages haven't kept up with inflation;
-- low-paying service jobs replaced higher-paying production ones offshored to low-wage countries;
-- technology-driven productivity pressures employees to work harder for less; and
-- during grim times like today, economic instability, lost jobs, home foreclosures, depleted savings, and personal bankruptcies have created growing poverty, hunger, homelessness, and despair with few measures taken to address them under a system favoring wealth by transferring it from the many to the few.
Privatized money control imperils democracy. If the public doesn't regain it, economic tyranny will prevail and eventually the political kind already entrenched with a strong foothold.
Stephen Lendman is a Research Associate of the Centre for Research on Globalization. He lives in Chicago and can be reached at lendmanstephen@sbcglobal.net.
Also visit his blog site sjlendman.blogspot.com and listen to the Lendman News Hour on RepublicBroadcasting.org Monday - Friday at 10AM US Central time for cutting-edge discussions with distinguished guests on world and national issues. All programs are archived for easy listening.
http://republicbroadcasting.org/Global%20Research/index.php?cmd=archives.year&ProgramID=33&year=9
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