Posted on Saturday, 21st August 2010 by Mark Chambers
The comment about becoming a “Third World Nation” comes from Arianna Huffington so take that with a grain of salt. Still the point is well taken. What are you doing to reverse the trend for yourself and provide a safety net against the loss of jobs and income being experienced in the economy in general?
According to an article appearing in the German newspaper, Der Spiegel, the negative consequences of the global financial crisis include a widened social class rift and the elimination of the middle class in the US.
The article states that many Americans are beginning to realize that the American Dream has now become a nightmare as people are having to face the bitter reality of a shrinking job market along with decades of stagnating wages and dramatic increases in inequality.
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Tags: Coming, Third World, Third World Nation, World Nation
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