Yankee December Bonfire: The Great Economic Reckoning

Political economist Jack Rasmus predicts that the fourth quarter profits of capitalists will be at least as bad as they were when the pandemic began. Low consumer spending adds to rising unemployment claims. There are currently 25 million workers without jobs and in December the rates have gone up 28%. When we combine this with rent evictions, a growing homeowners’ mortgage crisis, and student debt, Yankeedom is easily the worst industrialized country in the west.

Leave a Reply

Your email address will not be published. Required fields are marked *