Moral Outrage
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Posts Tagged ‘third world

Third World and when do you qualify?

March 27, 2012

Several things characterize countries of the Third World, whatever precisely “Third World” means. The first is corruption. America is rotten with it, but American corruption is distinct from corruption in, say, Guatemala or Thailand, being less visible and better organized. In most of the Third World, corruption exists from top to bottom. Everyone and everything […]

Life on Two Dollars a Day in Third World America

March 13, 2012

The U.S. is beginning to look like the Third World. Latest poverty statistics that show the number of American families with an income of less than two dollars per person per day more than doubled between 1996 and 2011, from 636,000 to 1.46 million. Note, those are households, not people. The number of children, alone, […]

The US as a Third World country (Part 2)

December 4, 2011

In response to the economic downturn that began in 2007 and the start of the financial crisis in 2008, the U.S. federal government and the Federal Reserve resorted to a radically inflationary policy intended to save banks and to shepherd the U.S. economy through a recession. Instead, radically inflationary policies greatly increased the concentration of […]

Capitalist Imperialism 101

June 24, 2011

Imperialism has been the most powerful force in world history over the last four or five centuries, carving up whole continents while oppressing indigenous peoples and obliterating entire civilizations. By “imperialism” I mean the process whereby the dominant politico-economic interests of one nation expropriate for their own enrichment the land, labor, raw materials, and markets […]

American economical ladder of upward mobility is dismantled

October 11, 2010

The US economy has been losing jobs for a decade. As manufacturing, information technology, software engineering, research, development, and tradable professional services have been moved offshore, the American middle class has shriveled. The wage and salary cost savings obtained by giving Americans’ jobs to Chinese and Indians have enriched corporate CEOs, shareholders, and Wall Street […]