Monday, November 7, 2011

broke?

Only 58 percent of Americans have a job right now.
Only 56 percent of Americans are currently covered by employer-
provided health insurance
The median yearly wage in the United States is $26,261
The average American household is carrying $75,600 in debt
Only the top 5 percent of U.S. households have earned enough
additional income to match the rise in housing costs since 1975.
At this point, American families are approximately 7.7 trillion
dollars poorer than they were back in early 2007
The poorest 50% of all Americans now own just 2.5% of all the wealth
in the United States.
Approximately 21 percent of all children in the United States were
living below the poverty line.
Today, there are more than 44 million Americans on food stamps, and
nearly half of them are children
Close to 20 percent of all American men between the ages of 25 and 54
do not have a job at the moment
Globalization forces Americans to accept that the coming decades are
likely to see U.S. standards of living decline relative to the rest of
the world.

According to Marx, capitalism will inevitably lead to ruin in
accordance with certain laws of economic movement. These laws are "the
Law of the Tendency of the Rate of Profit to Fall," "the Law of
Increasing Poverty," and "the Law of Centralization of Capital." Small
capitalists go bankrupt, and their production means are absorbed by
large capitalists. During the process of bankruptcy and absorption,
capital is gradually centralized by a few large capitalists, and the
entire middle class declines. Thus, two major classes, a small
minority of large capitalists, and a large proletarian majority are
formed.


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