The concentration of wealth has followed the third world path. From Paul Craig Roberts at paulcraigroberts.org:
Friday’s jobs report, the financial press tells us, “blew past projections,” with a monthly jobs gain of 303,000 compared to the 231,000 average over the past year. The Biden economy is gathering steam. https://www.barrons.com/livecoverage/march-jobs-report-today
In actual fact the jobs report shows that the United States is continuing its collapse into third worldism.
A first world economy is characterized by high productivity, high value-added manufacturing and industrial jobs. A third world economy is characterized by low productivity service and government jobs. As I have reported for 30 years, the US has transitioned from the first to the third world.
The jobs report shows that. In March America lost jobs in primary metal manufacturing, fabricated metal product manufacturing, machinery manufacturing, computer and electronic product manufacturing, computer and peripheral equipment manufacturing, communications equipment manufacturing, semiconductor and other electronic component manufacturing, electrical equipment, appliance, and component manufacturing, furniture and related product manufacturing, food manufacturing, textile product manufacturing, apparel manufacturing, plastics and rubber products manufacturing, leather and allied product manufacturing.
This just in from Lex Luther Carville:
It’s the “comony” stoopid.
Fourth world is when the ballot box is meaningless.
Even in banana republica there is 100% for Dear Leader.
You can get away with Fundamental Transformations when the economy is on fire, not so much when it’s party like 1929 time.
It’s the border stupid is on billboards here in Red State.
A comrade makes sure that they stay up with some of that filthy capitalist pig lucre. (s/)