I maintain that one of the current problems with the capitalist system is that it has run out of third world people to exploit and is in fact exploiting and feeding off of its own. Corporations are in a sense a type of one world government. The top level employees come from different countries and unite to manage a corporation that utilizes global labor with no thought whatsoever to the national origin. The U.S. Middle class is being hollowed out. It is a victim of global competition.
In Buzsaws time, the United States was still on top as a nation, and anyone who worked hard could get ahead. Unions were also strong in that era. Now, it seems from our conversation that the old are being resented by the young and the young misunderstood by the old. As an older(52) union worker, I resent the fact that younger people are trying to do my job and willingly accepting less in order to do so. Buz may also feel that these educated OWS young people need to do as he and his sons did. What is not realized, however, is that the rules have changed as has the environment.
I'm not sure what the exact solution is...jar suggests a consensus on a 50 year plan to fix the broken system, which involves working harder (for less) while everything is being paid off.
That is too depressing to consider. Nobody wants to be exploited. Not we older folks who feel we have paid into the system and worked hard...nor you younger folks who feel that with a college education you have earned a shot at success.One solution is to unionize the competition. Another solution is to have protectionism so that global labor wont out-compete the US middle class. These are not gonna work, however. I hate to sound negative, but this all depresses me.
crashfrog,to Buzsaw writes:
You failed to plan for your future so now you live off my my taxes.
Higher taxes are a foregone necessity. I too will have to endure higher taxes. I am not sure what the solution is for any of this.