As we face the fall of the mountains of debt we built around the world over the last 30 years, its useful to remember the source : Our trade deficit.
And the source of our trade deficit : Overhead, due to waste.
And the source of waste? Relying on markets, even where the only participants were working together to hurt the rest of us. We need interest groups acting in many markets as much as buyers and sellers. Unlike other countries, though, we have systematically castrated, purged & marginalized all countervailing forces, leaving "markets" where most of the people dependent on their results are excluded from any meaningful input.
Below the fold, specifics, which should be useful when trying to explain how rising inequality led directly to our exploding disaster.
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