09 Mar '15 13:30>1 edit
Originally posted by finneganInteresting points but is Finnegan failing to analyse them in any other way: “Low wages are responsible for the present declining middle class.” Finnegan seems to have touched on another alternative to “low wage” being source of malady in point #2 below:
Joseph Rowntree, a successful entrepreneur but also a Quaker, whose first publication on the topic was in 1901, was the first to study in a competent way what it is that causes people to live in poverty, and other studies since then have consistently confirmed his work, one excellent example being an area study of poverty in a slum area of Nottingham (UK) c ...[text shortened]... liberals are hollowing out our economies and creating a social world that cannot be sustainable.
1- “Evidence shows that the middle class are a declining part of the economy and losing their comforts to an alarming degree, always under the Newspeak of neoliberal slogans.”
2- “The cold reality is that the neoliberals are hollowing out our economies and creating a social world that cannot be sustainable.”
Who is paying for this “social world?” Certainly not the “poor.” And not the “rich,” as there is simply not enough of the “rich,” even if taxed at 100%. Of course, if the rich were taxed at 100% there would no longer be a “rich” class.
It is obvious who provides the largesse to fund, as Finnegan puts it, “unsustainable social world created by the neo-liberals.” Obviously it is the middle class as they are the only group large enough and as Finnegan so rightly points out, the effort is definitely unsustainable as the middle class is crumbling under the weight.