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The Coming Collapse of the Middle Class



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Distinguished law scholar Elizabeth Warren teaches contract law, bankruptcy, and commercial law at Harvard Law School. She is an outspoken critic of America's credit economy, which she has linked to the continuing rise in bankruptcy among the middle-class. Series: "UC Berkeley Graduate Council Lectures" [6/2007] [Public Affairs] [Business] [Show ID: 12620]


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I agree. They keep ... ( 3 weeks ago by anhacus)
I agree. They keep the American people dumb downed on a lot of issues. If you want a semblance of the truth you have to dig on your own, or have the acquaintance of those on the inside willing to share information with you.
Very well said. ( 3 weeks ago by daaronad)
Very well said.
no reason why we ... ( 2 weeks ago by 8data)
no reason why we have to let banks determine everything as if corporate law and lawyers get to own all of societys outcomes the only people who matter are manufacturers!!! we can change this collapse by reversing greed and stimulate innovation from producers and people
Slave system has to ... ( 2 weeks ago by patboyuk)
Slave system has to go. I believe one day, there will be 1 world bank. It will evenly distribute the same amount of money to every person born. All of us equal. Rather than slave labor, people will contribute to society. People will create new things never before seen given time to work on natural abilities rather than to work to survive. Eventually, as we evolve as a whole. Where do you see us in say 1000 years.
friend what you are ... ( 2 weeks ago by tetiraelian)
friend what you are saying is what MUST hapen in the next 3 years not a 1000 years! in a thousands year i don't think we are goin to have a money economy based! i believe money will simply not exists for technology will be advanced enough to free from labour!
If politicians, ... ( 2 weeks ago by saharra22469)
If politicians, scientists, Dr.s, Sociolists, Bankers, those who have power, don't find a way to do something about population control, it won't matter about the middle class disapearing or where we are going. We won't be here in 1000 years.
Over population is using natural resrources, causing more industrial pollution and destroying our earth.
Earth can support ... ( 2 weeks ago by patboyuk)
Earth can support many more humans than it currently supports. As long as we change to more enviromental ways of living. We are overpopulated from the perspective we have too many people to continue exploiting our natural resources for worlds elites personal gains. Free energy is our answer. The major corporations stand to loose power/money. Free energy has been covered up for years. Corporate corruption is our real problem.
I do agree in the ... ( 2 weeks ago by patboyuk)
I do agree in the future, money will not be viewed as the debt based economy/notes/bonds we are currently operating under. You can have technology, fly around and exploit a worlds natural resources for personal gains.Only when we advance spiritually, will we stop exploiting eachother. Why do you put a time limit (3 years) on change. There would be madness if it happened too fast. In waves, when time is right, changes will occur. I love your long term outlook.
friend i am putting ... ( 2 weeks ago by tetiraelian)
friend i am putting a time limit on change because we are on the brink of a world economic and social implosion!If people where surprised by the crisis of 2008 i do not even want to imagine what will happen in 2009 because we are not changing the habits that got us in this situation in first place.A change must definitely occur or we will be hopeless and i think the change is , a world currency and a world government for a FEW YEARS and then the total abolition of labour and money.
Array ( 2 weeks ago by patboyuk)
Friend,
Major changes took place in 2008. In 2009 even more changes will take place. Every day new truths and changes are occuring,if we only have the eyes to see it. There is always hope, ALWAYS. Everything is comming together: currency (banks), governments, religions(new age), us humans(internet), United we will stand. Rest assured the GOLDEN AGE will come in waves. Everything happens at just the right time and way. The one thing i learned of life is, IT GOES ON. ALL THINGS COME TO PASS !
I don't believe ... ( 2 weeks ago by guitartec)
I don't believe this lecture analyzes enough information to be complete. Seems like she's trying to explain cream being mixed into coffee. There's way too many other factors, for example the rise of eBay which allows people in more remote places to earn a lot of money. Real estate, how to get rich, SMC, 80's multi-level marketing crap with jillions of people wanting to get in, Home based businesses, More cash than ever not being reported, all skewing her graphs and paths.
"In talking with ... ( 1 week ago by RayAir1)
"In talking with friends, relatives and others during this holiday season, I have become convinced that the people responsible for the financial meltdown, which is still wrecking our economy, are likely to be attacked, beaten and killed." - Hal Turner
Was she in the ... ( 1 week ago by Homie7777777)
Was she in the documentary "Maxed Out"? I swear she looks so familiar...
true ( 1 week ago by bacabu30)
true
This video opens a ... ( 1 week ago by followthefleet)
This video opens a new discussion of what the "social contract" in America should consist. We used to have a vision of the "good society" that depended upon the logic of, what we used to call, socio-economics. This is what I like about Elizabeth Warren's study. I'm not sophisticated enough to know about the mathematical validity of her points...but I do know that she paints a picture of America that is real, and that must eventually be addressed by our political and economic leaders.
over population and ... ( 1 week ago by saharra22469)
over population and population control are key elements to solving the problems of green house gases, using and destroying the earths resources and the social problems arising such as rich class, poor class.
Please note. In my last post on here regarding population control, someone posted back that the earth can sustain many more ppl than it already has. This is not the issue. The issue is solving our crises now, before it becomes worse. Overpopulating will obviously make all of our #s worse
Professor Warren ... ( 5 days ago by CosmicFork)
Professor Warren sums up her lecture by saying; "I fear we're moving from a 3 Class Society to a 2 Class Society. America has always been one of those "perfect" Distributions, I.E. the Bell Curve, with some poor people, some rich, and a Big, Big, Solid Middle Class, stuck right there in the Middle." Well said. Well NO MORE! In Amerika Now You're either Rich or You're Poor, and if you don't like it... There's The Door! That's sure not the country I once loved, the good old U.S.of A.
how about you be ... ( 4 days ago by aaeoni)
how about you be the first volunteer for your population reduction and control plan, either don't have any kids or jump off a bridge. Seriously do you even realize that the 50,000,000 abortions have caused alot of this. The 50,000,000 missing workers to support social security and purchase houses etc... you are ill educated. There are not enough healthy vibrant youth to support the aging which is a huge strain on the middle class, health care housing etc.. your an idiot repeating a false mantra
yeah ok Armageddon ... ( 4 days ago by aaeoni)
yeah ok Armageddon seeker one world government yeah why not thats what hitler, stalin, mao wanted, to get rid of the checks and balances and put one nutcase in charge. yeah real smart, then where will people go to run from tyranny which is of course mans most natural state, that is to be tyrants. People really aren't thinking that are posting here. How about we solve the problem by getting rid of the problem which is GOVERNMENT. Tyrants and thieves ruling over law abiding citizens = poverty.
stepping out your ... ( 4 days ago by aaeoni)
stepping out your front door is a risk, but just to entertain you a little. what about the millions of people who have or had lung cancer, emphysema asthma heart disease etc.., NEVER SMOKED A CIGARETTE and ride the medicare/medicaid train yet didn't contribute to the "smokers illness fund tax" on cigarettes. again another not very well thought out comment. same with the people who never worked a day in their life became crack addicts and are now on social security disability pensions.
way to twist a ... ( 4 days ago by mikemikemofo)
way to twist a comment there about why the price of cigarettes have gone up. i don't really understand your point unless you just want to argue with someone over an 8 month old comment.
Oh my god i think i ... ( 2 days ago by MachApocalypse)
Oh my god i think i JIZZED IN MY PANTS felt something hot and sticky must have JIZZED IN MY PANTS Oh wow it feels so good now JIZZ IN YOUR PANTS It's hard to believe all this JIZZ IN MY PANTS.
yes she was. ( 1 day ago by pm4rtine)
yes she was.
I think you need to ... ( 22 hours ago by acfiorentina)
I think you need to give thorough thought to what you are stating above. TOO MUCH offer of labour force means that potential workers will be willing to work for even less than what Wal-Mart is paying nowadays (which is less than what one needs to survive). Companies try to avoid to engage in price competition among themselves, but when the competition is among workers looking for a job, employers celebrate.



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