Originally Posted by Retire Soon
The gap between the "Super Rich 1%" of the U.S. population and the other 99% is now greater than it was before the stock market crash of 1929. Jack Bogle has warned that the "Invisible Hand" no longer serves the people. Instead, Wall Street is obsessed with restoring the unregulated market that brought the world to its knees in 2008. With many of the 261,0000 lobbyists in Washington D.C. serving the super rich, they can get what they want in terms of regulations, tax loopholes, and earmarks at the expense of the general public.
Average investors are simply no match for the gambling that goes on in the derivative casinos by Wall Street Insiders. The rich have an insatiable appetite for wealth that can never be satisfied.
Paul Farrell offers some compelling arguments supporting his theory that America is being destroyed by the misuse of capitalism by the Super Rich in his article, "10 Doomsday Trends America can't Survive."
10 Doomsday trends America can
There are problems with the country but the "doomsday" concerns are not the ones that I see.
We have been in worse places before in this country, even in my lifetime.
This too will pass.
Recent events have inspired me to leave you with a little music in the link below taken from the greatest movie ever made.