Will Americans continue to suffer economic stagnation, almost forever?

Will Americans continue to suffer economic stagnation, almost forever? Topic: Will Americans continue to suffer economic stagnation, almost forever?
June 19, 2019 / By Tawnie
Question: No matter if the Democrats or the GOP control the White House & Congress? That's the thesis of a new book by John Bellamy Foster & Robert W. McChesney called "Endless Crisis: How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China." What the authors are saying is that because the world economy today is dominated by giant corporations, and those corporations keep accumulating profits they can't find good ways to invest, most people in the capitalist world -- even China -- are facing an economic future of slow growth, fairly high unemployment, stagnant or falling wages, and growing reliance on debt to meet basic daily needs. This doesn't mean capitalism will collapse and die tomorrow, the authors predict. It doesn't mean the entire world will necessarily fall into another deep depression. But what it means is a mediocre economy for years into the future, just like what we're seeing now under Obama & the GOP. Are these guys right? Why or why not?
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Best Answers: Will Americans continue to suffer economic stagnation, almost forever?

Roberta Roberta | 9 days ago
I think they are right, yes. Our system of government doesn't work anymore, and nobody you "elect" is smart enough or courageous enough to do anything about it. They are all corrupted whores and there's no changing it. The candidates from both parties are absurd characters out of a comic book. However, it's not all dismal---what we are seeing is what Britain saw in its day---a power shift in the globe. Americans will still live in prosperity, but just much more modestly so. Any positive changes, or progressive movement in America, will come at the grass roots level, not from your government. So look to your communities to help build your future.
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Roberta Originally Answered: Why most americans do not continue Graduate studies?
As other posters said, in many career fields, a graduate degree is not necessary in order to advance. So there is no need for a person to get that grad degree. In addition, as another person said, in the case of some grad degrees, the salary differential for someone with a masters versus a bachelor's isn't that great. So unless a position requires a grad degree, it's sometimes not worth it to obtain one. That's why the MBA is so immensely popular with US students, and why you do see a lot of Americans getting that particular degree. It's one that can actually propel one's career forward, and can cause a significant increase in salary. That's not necessarily true of grad degrees in some other fields. In fact, getting a grad degree in some fields, unless you plan to work in academia, can educate an American right out of some jobs. Corporate employers look at someone with a masters in, say, English, and aren't sure how they fit corporate America, and worry that they'll want an MBA level salary for an MA in English, and don't even bother calling them. Grad studies also require a significant investment of time and effort, and because a lot of grad programs are full time only, it requires students to actually stop working at a time of life when most people are settling down and starting families. My husband's in that bind - he'd like to get his masters in his field, but between the cost of tuition, plus the opportunity costs of his lost salary - it's hardly worth it.

Mo Mo
"Greedy capitalists" do suck workers blood but they suck it from the floor. Overpopulating excess labor cuts each others' throats by undercutting each others' wages. The poor make themselves even poorer that way while they help make the rich richer supplying them with ever cheaper labor. Today huge hordes of grossly overpopulating excess labor -- mostly in Asia now but new outsourcing ultimately will go to Africa -- are literally devouring the world's economies. See my "Source" for where your (and/or Foster and McChesney's) indoctrination originated.
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Lindy Lindy
As long as Americans are not willing to hold anyone accountable for their horrible leadership qualities, (Obama's reelection) they are apparently too dumb and uninformed to have any chance whatsoever. As long as such mass media ignorance remains stable as it led the way for Obama's reelection, America is surely doomed. The Regressives appear to have a stranglehold on logical policy despite the dire direction which America is heading due to their misinformation and misdirection of what is important for most Americans.
👍 112 | 👎 -7

Kaitlynn Kaitlynn
Hitherto, every form of society has been based, as we have already seen, on the antagonism of oppressing and oppressed classes. But in order to oppress a class, certain conditions must be assured to it under which it can, at least, continue its slavish existence. The serf, in the period of serfdom, raised himself to membership in the commune, just as the petty bourgeois, under the yoke of the feudal absolutism, managed to develop into a bourgeois. THE MODERN LABOURER, ON THE CONTRARY, INSTEAD OF RISING WITH THE PROCESS OF INDUSTRY, SINKS DEEPER AND DEEPER BELOW THE CONDITIONS OF EXISTENCE OF HIS OWN CLASS. HE BECOMES A PAUPER, and pauperism develops more rapidly than population and wealth. And here it becomes EVIDENT, that the bourgeoisie is UNFIT any longer to be the ruling class in society, and to impose its conditions of existence upon society as an over-riding law. IS IT UNFIT TO RULE BECAUSE IT IS INCOMPETENT TO ASSURE AN EXISTENCE TO ITS SLAVE WITHIN HIS SLAVERY, BECAUSE IT CANNO
👍 104 | 👎 -15

Gypsy Gypsy
No the next republican president will create jobs, raise the economy, and lower the dept as has been done in the past with a willing congress. (not the congress Bush had)
👍 96 | 👎 -23

Gypsy Originally Answered: Who do Italians prefer, French, English, N Americans, Latin Americans or Germans in terms of.?
Mainly italians prefer their own country for all of this, they are not so focused about abroad really 1) they mainly study english because is more useful but they prefer spanish 2) art obviously is the ITALIAN one that they prefer 3) clothes italian (youngsterns go with the Us anyway) 4) personality? They have no preference about nationality in this 5) everything except the italian ones 6) religions, they are mainly catholic or ateist so no preference in nationality 7) italian 8) italian or french 9) maybe they think that in the Us there's loads of enterteinment but when they start to travel they realize is not the case 10) italian 11) italian 12) for men is Brasil for women is italian or french
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