– by Paul Craig Roberts
Paul Craig Roberts
The United States has collapsed economically, socially,
politically, legally, constitutionally and environmentally. The country
that exists today is not even a shell of the country into which I was
born. In this article I will deal with America's economic collapse. In
subsequent articles, i will deal with other aspects of American
collapse.
Economically, America has descended into poverty. As Peter Edelman says, "Low-wage work is pandemic." Today in "freedom and
democracy"
America, "the world's only superpower," one-fourth of the work force is
employed in jobs that pay less than $22,000, the poverty line for a
family of four. Some of these lowly-paid persons are young college
graduates, burdened by
education loans,
who share housing with three or four others in the same desperate
situation. Other of these persons are single parents only one medical
problem or lost job away from homelessness.
