I needed to share with you, one of this “Economist” article‘s comments:
Sweden is by far one of the most socialist countries of the developed world. Is that a hellhole? Japan is considered to be one of the most egalitarian societies in the world. Is that a hellhole?
Socialism, on a limited-level, and if done right can mean a just and sustainable society. Opposite of the garbage that our American society is turning into:
1.) young people unable to find decent jobs even with college degrees, and also therefore unable to start families. This impacts males especially because females tend to marry up, there’s plenty of statistical evidence.
2.) people unable to get health care unless they have a job – Jobs that seem to be disappearing to other countries everyday.
3.) people trapped in their underwater homes
4.) and living under the constant frustration of knowing that our government used our hard-earned money to bail out wall-street motherfuckers, doing round after round of quantitative easing which has ended in nothing but bigger bank reserves and potential for future currency debasement, and doing almost zero for the rest of the country.
This is why people are pissed and protesting. This is why Nouriel Roubini declared Marx to be right. And this is why Paul Krugman is calling the United States a banana republic.
There is no longer hope. And in the absence of hope, there can be only one thing: Resentment.
I see no happy endings to this story. If we had a functioning democracy, maybe, just maybe. But I don’t think we’ve had a functioning democracy for a while now. Welcome to United States of Greece. ”