[Marxism] America’s economy risks mother of all meltdowns

[Linda Jansen]

Why the US has really gone broke---Chalmers Johnson


> Global confidence in the US economy has reached zero, as was proved by
> last month's stock market meltdown. But there is an enormous anomaly in the
> US economy above and beyond the subprime mortgage crisis, the housing bubble
> and the prospect of recession: 60 years of misallocation of resources, and
> borrowings, to the establishment and maintenance of a military-industrial
> complex as the basis of the nation's economic life


Link to whole article:  http://mondediplo.com/2008/02/05military
Found on Palestinian Pundit <http://palestinianpundit.blogspot.com/>