Economic Collapse '22-'08-'29

We’ve seen the recession and we’ve seen stagflation. What’s brewing in 2022 might be worse.

The cost of housing continues to spike, much like 2008. But in the past year, the cost of food, technology and energy have been unstable. That higher cost of living amid slow economic growth is reminiscent of 1970s stagflation.

But here’s another wrinkle in our current predicament: increasing disparity in wealth between classes that hasn’t been seen since the Roaring Twenties.

The working class is effectually being divided into two groups: rich, exploitative scammers and the middle-poor.

Everywhere you look, greedy corporations are buying up property and turning it into rental cities. All the speculation is causing obscene, unaffordable housing that falls right in line with the capitalizing nature of the real estate industry

The job market has reached an inflection point in wage demands. Many have resigned, while many others aren’t making enough income to live off of. More and more office positions require logging roughly 60 hours a week. The better the pay, the more exploitative the work. Meanwhile, jobs in fields that run the economy – teaching, construction, nursing, food, custodial, farming – pay the worst.

And it’s all so easy to overlook. That’s because American workers are the most propagandized in the world. While the majority are led to believe they’re middle income, they’re really middle-poor, working-class citizens.

The average person in this country is closer to being homeless than rich. Alas, there’s no urgency to resolve any of this from the government. Just obstruction. In the aftermath of recent protests aimed at members of the supreme court, laws were passed within 72 hours that made it a felony to assemble outside their homes.

Never mind that across the country there are kindergartners in debt over lunch money, students paying for their education, mothers without maternal leave, small families scrambling for dual income without childcare, escalating housing prices, unaffordable medical premiums, all while our President stalls for a full year on any public assistance.

The middle–poor simply have no safety net. As the stock market collapses we know what's going to happen next; another mass wealth consolidation. The government isn’t asleep at the wheel, though. No, it’s being driven by an abusive oligarchy.