[p2p-research] Post-Depression first: Americans get more money from government than they give back | csmonitor.com

[Michel Bauwens]

and were this pensions so exagerrated ... I've read articles that show how
private corporations have raided pension funds for speculative investements,
leaving workers high and dry ...

in general, labor incomes have been stagnant for the last 30 years, only
compensated by the entry of females in the workforce, and productivity has
risen, so blaming workers for the current crises, (while all the evidence
points to the fiancial system, and the credit strategies that compensated
for income stagnation), seems really strange to me,

it resembles the theories of the us right, that the blacks are to blame for
the subprime crisis ...

Michel

On Wed, Nov 25, 2009 at 8:51 PM, Ryan Lanham <rlanham1963 at gmail.com> wrote:

> On 11/25/09, Michel Bauwens <michelsub2004 at gmail.com> wrote:
>
>> I must say I strongly disagree about the blaming of the unions ...
>>
>
>  Unions negotiated pensions...and the right agreed because they thought
> that stock markets would go up forever...so it would be cheap.  A child
> demographer could have shown the error...but the greed of the financial
> services industry made pensions a necessity.  Now that bird has come home to
> roost.  It can't continue.  Unions are doing what organizations do...they
> are fighing their death fights.
>
> The pay and benefits aren't so much issues...real income for faculty at the
> University of California has dropped over the last 20-30 years.  It's the
> pensions.  Cut those and all those retirees in Montana stop living there.
>
> I live labor economics all day every day.  The unions are irrelevant.
> State government is bloated in California...but the reasons are federalism
> not unions.  The US is designed to work 200 years ago...not in the 21st
> century.  We have an undemocratic Senate, a screwy 3 tiered system that
> triples complexity...mostly because local yokals thought they could do
> things better than Washington...and then you have the loony right who thinks
> social prosperity is a zero sum game where if someone else wins, they lose.
>
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>


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