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"recovery".
But I'm gonna add on a bit using a class analysis.
As Foxnesn has pointed out, the economy has indeed recovered, but it has been the very wealthy who are benefiting the most from this recovery.
Yet as GDP rises again, at a rate of 5% this quarter, the economists are talking about a “jobless reco- very” — the meaning of which was explained in a recent Financial Post article. “The total net worth of America’s richest people rose by ten percent to U.S $ 995 billion this year from 2002, according to Forbes Magazines annual ranking of the count- ries 400 wealthiest individuals.” (The four hundred richest U.S. residents wealth is now about the size of Canada’s economy, the eight largest in the world). In 2001/02 the 400 wealthiest people saw a slight decline in their wealth, as was the case for most of the population with some 1.7 million people in 2002 that joined the 34.6 million people living in poverty. (WSJ September 29)
No matter that since the ‘recovery’ started in November of 2001 some 1.2 million more people joined the dole lines and “the number of people without health insurance shot up last year by 2.4 million, the largest increase in a decade.” (NY Times Sept 30) And, the past twenty years of neoliberal attacks against soc- ial entitlements such as welfare (the non-corp- orate kind) unemployment benefits, and social housing has made this unemployment crisis that much more painful. Homelessness and hunger are increasing, especially amongst the Black comm- unity where the job loss rate has been even more severe (On top of an unemployment rate that al- ready doubled that of the white population.).
Yeah, guys, great economy we got here. Please.
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The Rand (Paul or Ayn) philosophy, putting private property rights at the same level of human rights, equates the status of things with the status of human beings. If property is considered equal
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