The World Tilting Left!
As the global economic landscape shifts and shudders, a clear and undeniable trend can now be predicted-the world will eventually tilt left. With two distinct approaches to managing the decline of the West, it appears the global economy is drawing closer and closer to a violent collision of opposing ideas.
The wealthiest are making their stand through legislative manipulation and the control of global monetary policy. Arguing tax-breaks for the rich with substantial subsidies for big business is the preferred path to financial resurrection. Severe austerity measures for the lowered and descending classes will be an acceptable sacrifice. We think the 1%'s failure to acknowledge the extent economic inequality has eroded the future prospects of the "global middle class" will almost guarantee an avoidable conflict between the masses and those responsible for current financial global conditions.
Its not only foolhardy, but its extremely dangerous to exert additional pressures on the middle class populations of so many nation states. Without at least making token/good faith gestures to mitigate a growing contempt for the unvarnished greed by those holding vast amounts of wealth, they are sure to create an environment of ripe for revolutionary change.
The US Congress did the bidding of the rich in plain sight yesterday, as they shamelessly voted down President Obama's Buffett Rule. While in no way a remedy for the nation's economic ills, the Buffett Rule was or could have been a pressure valve to ease the well founded tension mounting daily among those feeling they've been had.
Perhaps those fighting for the status quo have calculated the masses around the world will soon settle down and acquiesce to their "new normal" life styles. We are convinced otherwise.
The Obama administration would be wise to pay particular attention to the French Presidential elections for a preview of what will occur more frequently around the would in the near future. Nickolas Sarkozy the pro business conservative is losing badly to his populace challenger François Hollande.
If the American President uses the trajectory of global trends as his compass going forward, he'll have a smoother path to his own reelection. What President Obama does with that second term could change the face of the world for the better, as a huge vacuum still exist in the space of international leadership. The World is Tilting Left
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