Yup, It finally gets down to one fatal element, the WAGES!!!
Prosperity can't exist when workers are not evenhandedly compensated and wealth is not equitably distributed.
We should create a reasonable system that the workers' needs should take precedent over Wall Street's needs.
As the lines saying in the book "Greenspan's Fraud"(Batra & Macmillan, page 152):
A bubble economy is born when wages trail productivity for some time and result in ever-rising debt. Then profits grow faster than productivity gains, and share prices outpace GDP growth. However, a time comes when debt-growth slows down, and demand falls short of output, resulting in profit decline and a stock market crash. Thus, the very force that generates the stock market bubble seeds its crash."
Prosperity can't exist when workers are not evenhandedly compensated and wealth is not equitably distributed.
We should create a reasonable system that the workers' needs should take precedent over Wall Street's needs.
As the lines saying in the book "Greenspan's Fraud"(Batra & Macmillan, page 152):
A bubble economy is born when wages trail productivity for some time and result in ever-rising debt. Then profits grow faster than productivity gains, and share prices outpace GDP growth. However, a time comes when debt-growth slows down, and demand falls short of output, resulting in profit decline and a stock market crash. Thus, the very force that generates the stock market bubble seeds its crash."
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