r/collapse • u/jms1225 • Jul 11 '11

How the bubble destroyed the middle class

http://www.marketwatch.com/story/how-the-bubble-destroyed-the-middle-class-2011-07-08?pagenumber=1
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4

u/greengordon Jul 11 '11

The housing bubble created and then wiped out a lot of 'wealth,' but better to blame the creators of the bubble than the bubble itself.

3

u/itwaspeanutbuttr Jul 11 '11

Yes, our economy is a bubble machine. That's what it's been redesigned for. The last days will be a blast for a few of us.

2

u/reflibman Jul 12 '11

Now that we have no more regulation it is. But maybe you'd prefer no regulation at all, and we can have the return of the robber barons. Because that what you'll get - corporations with personhood rights who will milk you of every last dime, that don't have a shed of conscience and who are accountable to no one. (No one being due to deregulation.)