The Shocking Collapse of the Middle Class
April 21, 2011
Law scholar Elizabeth Warren is an outspoken critic of America's credit economy, which she has linked to the continuing rise in bankruptcy among the middle-class.
As Warren discusses a possible collapse of the middle-class, this AlterNet article, written by former economist David Korten for YES! Magazine, discusses the rise of Wall Street, which has its roots in the institutions of Empire that began some 5,000 years ago.
Replacing Wall Street with a New Economy, based on locally owned businesses devoted to serving their communities, may be one of the only solutions to stop impending social and environmental collapse.