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With the crisis now in its fifth year, it's plain that the rich and powerful have restructured society toward ever-greater inequality.

Dan Gould
  • 31 may 2011



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This article titled “After the crash: the pauperisation of middle-class America” was written by Richard Wolff, for guardian.co.uk on Friday 27th May 2011 16.00 UTC

The current global crisis of capitalism began with the severe contraction in the housing markets in mid 2007. Therefore, welcome to Year Five. This inventory of where things stand may begin with the good news: the major banks, the stock market and corporate profits have largely or completely “recovered” from the lows they reached early in 2009. The US dollar has fallen sharply against many currencies of countries with which the US trades, and that has enabled US exports to rebound from their crisis lows.

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