MIT-economist: US has regressed to developing nation status

[Wyrt]

There is not going to be a revolution, that shit is likely to happen under authoritarian governments like the one they have in Russia.

Plutocratic governments tend to be vulnerable to revolution as well. You can only oppress and exploit the masses for so long.

[NED funded]

Plutocratic governments tend to be vulnerable to revolution as well. You can only oppress and exploit the masses for so long.

Unless there is economic development, then people will likely don't care. Most people in America don't care about inequality as much as they care about their own opportunities. Raise those and you have effectively avoided revolution here.

[Vash The Stampede]

I don't share your optimism. I think things are going to get a LOT worse before they get better. Like food riots in the streets worse.

I have to admit that I had a nightmare about this. It's a strange dream. Where I live people are escorted out of homes and directed to a sectioned off area where they keep the unwanted. Not just my home but the entire block, as if nearly everyone lost their homes. People were fed barely enough food for some reason, and some parents would leave their kids behind to eat their food. Meanwhile people are waiting for basic income for what must be like 3 months. Politicians are fighting each other over basic income law.

I have some fucked up dreams.

[Masark]

I have to admit that I had a nightmare about this. It's a strange dream. Where I live people are escorted out of homes and directed to a sectioned off area where they keep the unwanted. Not just my home but the entire block, as if nearly everyone lost their homes. People were fed barely enough food for some reason, and some parents would leave their kids behind to eat their food. Meanwhile people are waiting for basic income for what must be like 3 months. Politicians are fighting each other over basic income law.

I have some fucked up dreams.

You should read this.

http://marshallbrain.com/manna1.htm

[Ghostpanther]

Plutocratic governments tend to be vulnerable to revolution as well. You can only oppress and exploit the masses for so long.

Well, the South felt like the North was oppressing them with the removal of slavery as a means for them to prosper. But revolting did not work out so well for them did it? There is not going to be a all out revolution in the US. Some routs and burning of police cars and oppressive marches, yeah. But any attempt to outright revolt will be dealt with a stronger force. Unless you can get the military in full support of a revolt, you are only dreaming it can be successful. And the Military as a whole is in full support of Trump. And they have taken a oath to defend the Constitution against all enemies. Foreign and domestic.

[Kellhound]

i agree unless we rise up and overthrow the govt shit wont change.

Sounds like sedition to me.

[Kellhound]

Well, the South felt like the North was oppressing them with the removal of slavery as a means for them to prosper. But revolting did not work out so well for them did it? There is not going to be a all out revolution in the US. Some routs and burning of police cars and oppressive marches, yeah. But any attempt to outright revolt will be dealt with a stronger force. Unless you can get the military in full support of a revolt, you are only dreaming it can be successful. And the Military as a whole is in full support of Trump. And they have taken a oath to defend the Constitution against all enemies. Foreign and domestic.

Actually, all you need is the NCOs to support a revolt to render the US Military impotent to intervene.

[Wyrt]

Well, the South felt like the North was oppressing them with the removal of slavery as a means for them to prosper. But revolting did not work out so well for them did it? There is not going to be a all out revolution in the US. Some routs and burning of police cars and oppressive marches, yeah. But any attempt to outright revolt will be dealt with a stronger force. Unless you can get the military in full support of a revolt, you are only dreaming it can be successful. And the Military as a whole is in full support of Trump. And they have taken a oath to defend the Constitution against all enemies. Foreign and domestic.

Of course that would be an issue. The military likes our corporate overlords.

[Stormspark]

I have to admit that I had a nightmare about this. It's a strange dream. Where I live people are escorted out of homes and directed to a sectioned off area where they keep the unwanted. Not just my home but the entire block, as if nearly everyone lost their homes. People were fed barely enough food for some reason, and some parents would leave their kids behind to eat their food. Meanwhile people are waiting for basic income for what must be like 3 months. Politicians are fighting each other over basic income law.

I have some fucked up dreams.

That show was really prophetic in a lot of ways. I guess we'll know if they got the 2024 date right.

[Deleted]

All the education in the world won't help people if the jobs don't exist. There aren't enough high paying technology and corporate jobs for the whole workforce or even a large portion of it.

Is true.. All can not be engineers, someone would have to build it.
but is that also not just another sad fact. So much unemployment, but americas road,brigdes, dams, hell even water pipes are so damaged, there would be jobs for an eternity there, but no one want to pay for that.

[Barnabas]

So the author says basically our economy could start looking like china's? So in theory just because country has no middle class they are a developing nation? So is china a developing nation also according to this person since that seems to be the criteria needed to meet this requirement? Sorry but no matter how well written it seems like it is I can't help but think the entire thought is a crock. The underlying problem is that you don't have the same purchasing power as you would in 1980. If people just simply earned enough to be able to live like you could almost 40 years nobody would give a shit how much money a handful of people possess.

[kamuimac]

Yeah, I don't think anything short of revolution is going to get power back in the hands of the people.

power was never in hands of ordinary people and never will be

pls do yourself and favour and read on revolutions - most revolution happend because a group of people decided its time to take over reigns of the country and used stupid illiterate crowds to overthrow their political oponents - best example was soviet russia - yes the revolution destroyed tzar and his people but then another crowd rose to power and stupid people still were stupid and still were starving from hunger.

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I have to admit that I had a nightmare about this. It's a strange dream. Where I live people are escorted out of homes and directed to a sectioned off area where they keep the unwanted. Not just my home but the entire block, as if nearly everyone lost their homes. People were fed barely enough food for some reason, and some parents would leave their kids behind to eat their food. Meanwhile people are waiting for basic income for what must be like 3 months. Politicians are fighting each other over basic income law.

I have some fucked up dreams.

nobody will waste time like this - when they have easy alternative to start up war send X % of population to die there get rid of stupid &co and this way jobs will apear natural way - why do you think wars happend in past - it was quite simple from time to time wealthy people had to get rid of "revolutionary" element - aka young and hungery for wealth to get killed in war and have peace .

[igualitarist]

I like how people here tend to think free healthcare and education are what "defines" a developed nation from a shithole nation, when almost every nation under development have free healthcare and education and they are just terrible.

[Macaquerie]

I like how people here tend to think free healthcare and education are what "defines" a developed nation from a shithole nation, when almost every nation under development have free healthcare and education and they are just terrible.

Obviously the implication is that these services need to be of an acceptable standard as well, being free isn't enough if the quality is shit.

On a somewhat related point though, maybe it's time to retire the "developed" and "developing" country labels, because how many countries out there have actually managed to successfully make the transition? Korea and Taiwan are the only examples that really come to mind, but considering that both countries are effectively city states, they seem more like outliers than models to copy. The big "emerging" economies like the BRICS countries have spent decades playing catchup but are still nowhere near to first world levels.

[Mihalik]

Democrats were slave owners

That's about how legitimate of an argument you're making

https://en.wikipedia.org/wiki/Southern_strategy

As the Civil Rights Movement and dismantling of Jim Crow laws in the 1950s and 1960s visibly deepened pre-existing racial tensions in much of the Southern United States, Republican politicians such as presidential candidate Richard Nixon and Senator Barry Goldwater developed strategies that successfully contributed to the political realignment of many white, conservative voters in the South to the Republican Party that had traditionally supported the Democratic Party.[4] It also helped push the Republican Party much more right.[4]

2nd paragraph.

[jdbond592]

There is higher chance of us building a wall then fixing our crumbling infrastructure.

[Sharein]

No news.

Large areas of the US are on par with cities like Kinshasa.

The US is probably the only developed country (except some areas in France and the UK) that has urban prairie areas like Detroit and Cleveland.

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middle class

Having a middle class is essential for a country to "survive".

[Deleted]

Why would US pay for infrastructure when factories are in China? Americans don't produce like they used to so don't need good roads cuz that's expensive.

It's the producer (china) who needs the infrastructure so goods aren't damaged otherwise they loose money, n goods need to be produced pronto, time is money so accessability means investments in infrastr.

Americans should get used to their roads or start creating something. Or lower their wages to China's level.

[Venant]

America is regressing to have the economic and political structure of a developing nation, an MIT economist has warned.

Peter Temin says the world's’ largest economy has roads and bridges that look more like those in Thailand and Venezuela than those in parts of Europe.

In his new book, “The Vanishing Middle Class", reviewed by the Institute for New Economic Thinking

I had to stop at the point where the article admitted to being produced by a globalist neoliberal think tank. This pretty much just guarantees a high level of propaganda, and I suggest that people make citation of a fancy sounding 'institute' a trigger for an immediate review of the background of the people involved.

Ill offer a more radical and straightforward solution to those who want to solve the economic problems of the middle class: Take all the globalists and exile them to a remote part of the world from which they can never return.

[Bender]

Natural side effect of lobbying and corporate campaign donations. Corporations decide the policy in the US, which is horrible because they are so short-sighted, it's quarterly reports for the win. Eroding the middle class will eventually kill pretty much all the demand in the economy, so in the long run they are shootng themselves in the foot. Well not themselves, as they get thei bonuses and money anyway, but they are shooting the American economy in the foot.