dear sangom,
thank you for an eye opener.
very sad. i am corrected. thank you.
in the usa canada, well paying unionized jobs have been killed in the name of globalization. the country to profit is china.
as the factories with well paying jobs have closed, the folks have been forced into minimum wage service jobs, brewing coffee and frying hamburgers.
once upon a time, it was possible for the average wage earner to support a family here - with a house, car and the extras. today, even with two incomes it is a stretch, as the chinese, flush with cash, have bought up houses, at astronomic prices, just to park the money in a safe haven.
unbridled capitalism, i have come to believe, is pandering to the greed of the few, and the misfortune of many. just look at usa wall street shenanigans now.
europe, once upon a time, was a model, in managed state care with healthy capitalism controlled and monitored. but that too went with thatcher, and thanks to hefty reckless borrowing in the 90s, is now a basket case.
no hope. anywhere.