Bill Bonner: Middle Class? What Middle Class?

Bill-Bonner2

“Want a middle-class lifestyle… with middle-class finances… and middle-class attitudes?  Forget it. Trying to enter the middle class is like trying to get a job as a galley slave. You get chained to an oar. You sit. You row… until you drop dead.  The middle class, as Smith tells it, is desperate to continue its ‘aspirational consumption financed by debt.’ It’s a trap – set for you by the oligarchs and ‘poligarchs’ (people whose votes can be bought cheaply) who control Washington and its major industries.  And if you’re young, you face a lifetime of backache… trying to keep up the pace.  These heavy burdens didn’t ‘just happen.’ They are the result of dirty dealing by America’s goons and poltroons.”

http://www.bonnerandpartners.com/middle-class-what-middle-class/

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