We have a structure that predetermines winners and losers. We are not getting the benefits of all the people who could contribute to the growth of the economy

AGR Daily News

Study By MIT Economist: U.S. Has Regressed To A Third-World Nation For Most Of Its Citizens – The Intellectualist

The parallels are unsettling. As noted by the Institute for New Economic Thinking:

In the Lewis model of a dual economy, much of the low-wage sector has little influence over public policy. Check*. The high-income sector will keep wages down in the other sector to provide cheap labor for its businesses.* Check*. Social control is used to keep the low-wage sector from challenging the policies favored by the high-income sector.* Mass incarceration – check*. The primary goal of the richest members of the high-income sector is to lower taxes.* Check*. Social and economic mobility is low.* Check*.*

Temin describes multiple contributing factors in the nation’s arrival at this place, from exchanging the War on Poverty for the War on Drugs to money in politics and systemic racism. He outlines the ways…

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Our Editor Konstantin was born in Moscow’s Vystavka Dostizheniy Narodnogo Khozyaystva (VDNKh) district on 23 February 1961 the second son of a School master. Educated at Kazan National Research Technical University Казанский национальный исследовательский технический университет имени А. Н. Туполева he graduated in Economics in 1982. Recruited to the Soviet 40th Army serving as a Сержант in Aghanistan,later transferring to 1008th Flak Artillery Regiment, before being struck in the shoulder by a stray shell fragment. Konstantin invalided out of the Army . Starting up as Soviet blogger ‘Maaxmann’, later becoming a guard for a Moscow ballet company and it was there accompanying them in the West, that he had his first taste of the ‘High Life’. Failing to return to Russia he resided first in Reutlingen, where he became a correspondent for Frankfurter Allgemeine Zeitung…later he moved to London to write for the Telegraph,where he now resides with his wife and 2 children.

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