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American middle class: dead?
Posted By Editor On April 8, 2012 @ 8:03 am In Guest column,Political & Politicians | Comments Disabled
Professor Starr writes about the “Hourglass Economy,” one in which the economy consists mainly of the rich and the poor with only a small middle class. Examples of this type of economy abound. Many South American and African countries come to mind. Without a strong and prosperous middle class, the United States is destined to become a third-rate nation. America will not longer be a world power or a major player in world economics. This will mark the end of the “American Dream” and the “American Empire.” The hourglass economy will not be able to support the type of “defense” budget now contemplated by conservatives. When future historians write “The Rise and Fall of the American Empire,” they will note that it did not last as long as the Roman or Babylonian empires, perhaps not even as long as the British Empire. Already scholars are contemplating the end, see “The Collapse of the American Empire and the Rebalancing of the World .” 
Will this then will be the legacy of the Reagan administration and the following conservative movement, to have destroyed the America we knew by destroying the middle class by destroying labor and the unions?
In an earlier and related article, Professor Starr discusses the visions of the Republican presidential candidates.
By Bernard Starr
Article printed from Recorder Online: http://www.berthoudrecorder.com
URL to article: http://www.berthoudrecorder.com/2012/04/08/american-middle-class-dead/
URLs in this post:
 The Collapse of the American Empire and the Rebalancing of the World: http://orthodoxengland.org.uk/endofemp.htm
 Image: http://www.opednews.com/index.php
 Corporations Plan for Post-Middle-Class America: http://www.opednews.com/articles/Corporations-Plan-for-Pos-by-Bernard-Starr-120406-675.html
 Image: http://www.opednews.com/articles/Romney-and-Santorum-Envisi-by-Bernard-Starr-120306-368.html
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