Crimes of the ruling elite.

Editor,

Don't blame American workers for "borrowing too much."

After wages flat-lined in 1980 -- while productivity kept increasing (and the increased profits started going into corporate executives' pockets at an increasing rate) -- workers who had a potential second paycheck in their households sent her off to work (which is why big corporations got on the "battle of the sexes" faux "women's liberation" bandwagon in the 1980's).

When two incomes no longer cut the mustard as health care costs increased, corporate benefit packages for workers decreased, and wages as a function of GDP kept declining, American working households turned to debt -- cleverly marketed by greedy banks who love money-for-nothing schemes like monthly payments at interest rates no one knows in advance and can skyrocket at any moment -- to keep their middle class heads above water.

The old "everybody's to blame" argument is a neoliberal canard whose purpose is to blame the victim and obfuscate the crimes of the ruling elite.

Re: "We Are Not Stupid" (4/25/2012)