Sunday, February 21, 2010

'Years Without Jobs'

“American business is about maximizing shareholder value,” said Allen Sinai, chief global economist at the research firm Decision Economics. “You basically don’t want workers. You hire less, and you try to find capital equipment to replace them.”

Articles like "Millions of Unemployed Face Years Without Jobs," by prize-winning economics reporter Peter Goodman, make one wonder -- quite seriously -- what can replace Capitalism as the true American religion. Because something has to if the current system is no longer able or willing to provide enough work for average Americans.

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