"Marx’s predicted revolution did not occur because he did not foresee the rise of the middle class. The middle class had an interest in preserving capitalism and voted to alleviate the worst excesses of capitalism with social welfare programs. Their very presence gave the poor hope that they too could escape from poverty."
This was said during an eerily similar recession that was quite not as monumental. I believe if we handle our economy now with that same approach we will slowly start to see things prosper, rather the fail miserably. |