Thread regarding IBM layoffs

The United States is a first world has been
We have joined the ranks of other dog eat dog third world nations like India, China, Mexico ,etc.

What will this country will look like in about 10 years when the generation of Americans who worked at 1 company and had pensions are dead?

Lots of very wealthy people surrounded by even more impoverished folks

You nephew has an excuse - he is only 10 years old.

We have not be living under capitalism for more than 100 years. We were sold out many, many years ago. A central bank is a plank of communism. Bailouts are not capitalism. Profits for the wealthy and socialism for the losses... again, not capitalism.

You closing statement is spot on...the powers that be do not have a moral compass.

@1hdd: I'm sorry, but 80% of the population being maybe two or three paychecks away from homelessness and 40% of the population being unable to cover an emergency $400 expense without having to make a trip to the pawn shop to hock dearly departed Grandma's diamond ring ain't prosperity, Skippy.

I've got nothing against capitalism, but we don't have that anymore. What we've got now is a grotesque perversion of capitalism (i.e., crony capitalism) and I have a WHOLE LOT against that. Something has to change.

Are you really that stupid and clueless?

You do know in Russia the income inequality is even worse than here. Just blew your delusion right out of the water cupcake.

Capitalism has been here for 250 years and will be here for another 250 years. Strongest economy on the planet. What part of that do you not understand?

Even my 10 year old nephew understand that.

Good post... I like bullet #3