2017-10-11 / Features

Internet in Bloom for The Layperson

By Ted J. Bloom

Many Americans love to get scared.  Why else would Hollywood produce many horror films annually, especially around Halloween?  However, fear takes several forms just as people have different likes and dislikes.  For example, if the recent natural disasters with record breaking category five hurricanes being unleased on the globe or the threat of nuclear war, has not caught your attention, maybe it is because you are not an economist.  I have seen a few scary movies in my time and yet they pale in comparison to economist statistics, facts and predictions. The Internet has a plethora of economic resources to share. 

Moreover, Dr. Richard Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, and the University of Paris I (Sorbonne).  His work may be found at www.rdwolff.com.  Dr. Wolff believes that our economy has only been serving the upper five percent of Americans since 1980 when Reagonomics was born and raised taxes on the poor while lowering them for the rich, aka Trickle-down Economics, which one famous Internet comedian refers to as urination.  The other 95 percent of us have been stagnant economically since 1980 pertaining to wages and savings. 

Furthermore, Journalist and Filmmaker Abby Martin of www.RT.com recently hosted Author and Economist Peter Joseph who mentioned a variety of fascinating statistics on Martin's video interview, such as how 83 percent of stocks are owned by just one percent of Americans.  Joseph continued stating plainly that Wall Street is unnecessary and IPO's are not needed to create and transfer wealth in today's society.  He continued that the way to end violence is to eliminate poverty.  Did you know that 65 percent of Americans have only $1000.00 in savings?  Remember the crash of 2008? 

As of 2008 foreclosures are up a record 81 percent--more that the Dust Bowl crisis of the 1930's Great Depression.  In case you are still not scared enough and need to watch a few more zombie flicks: 40 percent of the world's food is wasted.  Forty percent of it is just thrown away or otherwise discarded.  Please see http://theempirefiles.tv for more frightening details, and please pass the popcorn.

Please feel free to send your Internet resource suggested URLs to me at: AuthorNotary@gmail.com or courtesy of the Queens Gazette and they will forward them.  Thank you.    


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