America’s Collapse: #2 in a series – Paul Craig Roberts

Why aren’t millions of foreign guest workers who promised to keep America going being held accountable for not doing so?

When American workers ran the US economy 20 years ago, it was booming.

Illegal wage-fixing by Chamber of Commerce and US bankers is the cause.

And here is the key:

“As aggregate consumer demand collapses from the absence of growth in real income, absence of middle class jobs, and the extreme polarization of income and wealth in the US, another pillar of American capitalism disintegrates.  As business investment has also collapsed, as indicated by the use of corporate profits and borrowing to repurchase the corporations’ equity, thus decapitalizing the companies, total aggregate demand itself collapses”. 

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