Blaming the Victims: Heroic American Consumers
Read More:
Debt,
Foreclosure Crisis,
Unemployment,
Credit,
Borrowing Money,
Food Stamps,
Wages,
Easy Money,
Great Depression 2.0,
Consumption,
Consumer Spending,
Financial Crisis,
Business News
High levels of debt and consumption were not the result of millions of individual decisions by consumers. They were the result of a deliberate economic 'regime change' in the 1970s.
Ann Pettifor | Posted 05.25.2011