Wednesday, August 19, 2020

So what is it?


(Societal extremes)

This morning, someone on Twitter asked:

 “For all of you celebrating your stock portfolios today, a reminder that there are millions of Americans out of work and unable to afford the basics.”

In response, another person then asked:

“Is there a term for an economy where the markets hit an all time high but half of the country is desperately worried about paying rent and keeping groceries on the table?”

So, what do you call that? 

I call it “Capitalism Gone Awry.”  I read many others saying a version of that too.  Granted, much is in play, but are we fundamentally wrong?

Thanks for posting and recommending.

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