From Maria Halkia’s article “Lagging Sales Take Toll On Retailers” we learn retail analyst Robin Lewis believes survival in this brave new world forces businesses to perpetually slash prices, leading to devaluating their merchandise. In a retail-based economy, spending and jobs are linked. As 90 percent of the money gets congested in a small handful of the elite oligarchy’s wallets, then the American dream grows into a third-world nightmare.
If you are having problems seeing these connections, go find Halkia’s article online and note the links to related articles entitled: “Income Inequality Takes Toll On Growth” After all, Romney and the Koch Brothers can only watch so many televisions at a time. TV’s built abroad in sweatshops can’t be bought with empty wallets back home. Merchandise grows lonely on the shelves when small business and the working-and middle-classes are forced to race to the bottom.
The story of an evaporated American prosperity has been bookended between 1980 and 2000. It began with Reagan’s attack on union-wage jobs and ends with Bush’s Perpetual War while Casino Capitalism raided your investment funds. Slashing prices and export jobs has beheaded America’s belief in the future.
It is ironic that the assault on the American middle class comes not from ISIS but from Corporate America. A coalition of small business and middle class refugees must stand up and demand economic justice.