Tuesday, December 10, 2013

USA: Rich In Name Only - America is now a 3rd world country, look at the stats

Three decades of trickledown economics; the monopolization, privatization and deregulation of industry; and the destruction of labor protection has resulted in 50 million Americans living in abject poverty, while 400 individuals own more than one-half of the nation’s wealth. As the four Walmart heirs enjoy a higher net worth than the bottom 40 percent, our nation’s sense of food insecurity is more on par with developing countries like Indonesia and Tanzania than with OECD nations like Australia and Canada. In fact, the percentage of Americans who say they could not afford the food needed to feed their families at some point in the last year is three times that of Germany, more than twice than Italy and Canada.

Our roads, schools and bridges are falling apart, and our trains—none of them high-speed—are running off their tracks. Our high school students are rated 30th in math, and some 30 countries have longer life expectancy and lower rates of infant mortality. The only things America is number one in these days are the number of incarcerated citizens per capita and adult onset diabetes.

http://www.alternet.org/economy/america-rich-name-only-look-stats-we-resemble-broken-banana-state?akid=11254.294211.YfSboP&rd=1&src=newsletter934586&t=3

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