Winter Solstice offers a time to look back on the past year to acknowledge my challenges and the things I chose to do to solve those problems. This recent past year was a very hard one for me with the death of my oldest son, Cary, a victim of cancer at the young age of 53 years and one month. This loss turned out to be harder on me than I imagined. Thankfully, Craig and Laura and their families walked these dark days with me.
After wallowing in that pain I turn my attention to the…Continue
Part 4 Booms and busts punctuate the history of capitalism; it is a systemic problem.
Remember General Motors, producer of automobiles? Over the last thirty years, General Motors created a subsidiary called GMAC, General Motors Acceptance Corporation. It is a bank. It lends money. It began by lending money to people to buy cars because their wages couldn’t pay for them. Then GMAC discovered they could make more money off the interest of the loan than they could make…Continue
Part 3 We reached the limits of the kinds of capitalism this society can endure.
Turning, now, to the big business community, the last thirty years have been spectacular. Everything about the working class, with the introduction of computers, U.S. workers became more and more productive. We had a thirty-year period of rising labor productivity. Each year the worker produces more, and the wages stayed the same.
The gap between what the workers…Continue