On May 13, 2012, Rep. Barney Frank (D-Mass.) lit into Rep. Marsha Blackburn (R-Tenn.) on Sunday, when both appeared on ABC’s “This Week.”
This will be an eye-opening video that shows the nasty riff and inability of our elected representatives to discuss issues openly and with sincerity to arrive at solutions.
The stalemate continues as to who doing what or who is doing what, yet the entire economic reality of job displacement and destruction caused by an exponential shift for labor worker dominance to non-human productive capital dominance in producing products and providing services is never addressed. The issue of who owns and who should own the new productive capital growth of the economy is constantly evaded. Until this economic reality is addressed, and as long as working people are limited by earning income solely through their labor worker wages, they will be left behind by the continued gravitation of economic bounty toward the top 1 percent of the people that the system is rigged to benefit through ever-narrowing concentrated ownership of productive capital. Working people and the middle class will continue to stagnate, resulting in a stagnated consumer economy. More troubling is that this continued stagnation will further dim the economic hopes of America’s youth, no matter what their education level. The result will have profound long-term consequences for the nation’s economic health and further limit equal earning opportunity and spread income inequality. As the need for labor decreases and the power and leverage of productive capital increases, the gap between the middle class, labor workers and the poor and capital owners will increase, which will result in far more upheaval than perceived with the Occupy movement.
