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View Diary: First-time unemployment claims spike to 399,000 (69 comments)

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  •  Until we fundamentally restructure the global... (4+ / 0-)

    ...economy, 99% of us are going to remain without a "complete jobs recovery."

    The world's production capacity is large enough to feed every human being, cloth every human being, shelter every human being, educate every human being.

    Yet millions go hungry, cold, homeless and ignorant.

    Capitalism provided the means to achieve this production capacity.  It is wholly inadequate to allocate the results.

    It is time for something new.

    The bear and the rabbit will never agree on how dangerous a dog is.

    by fromer on Thu Jan 12, 2012 at 06:21:06 AM PST

    •  America is in the 1% when looking at the (0+ / 0-)

      "global economy".

      When you think of all of the countries on earth in terms of  classes, the "income gap" between the richest and poorest is shrinking, as opposed to the exact opposite when you look at just the USA.

      Is this a good thing or a bad thing?

      Good for the lower and middle class countries, bad for the 1%.

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