Wednesday, April 25, 2018

SOMEHOW, NOAM SEEMS TO BE SADDER

(Truth-Out.org)

"Trumpism is one of many manifestations of the effects of the neoliberal policies of the past generation. These have led to extreme concentration of wealth along with stagnation for the majority. There have been repeated crashes of the deregulated financial institutions, each worse than the last. Bursting bubbles have been followed by huge public bailouts for the perpetrators while the victims have been abandoned. Globalization has been designed to set working people throughout the world in competition with one another while private capital is lavished with benefits. Democratic institutions have eroded. As already mentioned, all of this has led to anger, bitterness, often desperation -- one remarkable effect is the increasing mortality among middle-age whites discovered by Anne Case and Angus Deaton, analyzed as "deaths of despair," a phenomenon unknown in functioning societies."


No comments:

Post a Comment