"A child's learning is the function more of the characteristics of his classmates than those of the teacher." James Coleman, 1972

Thursday, February 10, 2011

When the Spirit of Cairo Comes to America

As New York City converts itself from world capital of commerce to the world capital of unrestrained opulence and greed (with a NYCDisney version thrown in for the tourists), the great gnawingly-hungry giant tosses and turns.

The next time in America when a million people go into the streets, it won't be to sing songs.  It will be to demand the heads of the oligarchs, who now think they are somehow immune from what is happening around the world.

Continue to ignore poverty and economic distress at your own peril.  From HuffPo:
Harvard economist Kenneth Rogoff, co-author of a best-selling book on financial crises, This Time It's Different, told Forbes today in an exclusive interview that the high unemployment rate and high levels of debt in the U.S. will sooner or later trigger serious "social unrest from the income disparities in the U.S."

The Obama administration has "no clue," he told me, what do about this terrible disparity in the economy that is bound to erupt sooner or later.

"I don't understand why people don't wake up to the crisis they are creating," he said to me just minutes after appearing at a Council on Foreign Relations round-table on "Currency Wars." . . . .

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