This is an excellent message that feels absolutely sincere.
As Warren says in the clip:
“This next election is about the direction our country takes. It’s about whether or not we are going to be a people who say, ‘I got mine; the rest of you are on your own,’ or whether we’re going to be a people who say, ‘We can invest in our future.’
“And we can build a real future for ourselves and for our kids, so that when the next kid comes up with a good idea, they got a shot to make it big, and so does the kid after that and the kid after that.
“This election is going to affect everyone. We really have come to real choice and what our future looks like is going to be very different depending on who’s governing.”
What concerns me is that there is no focused vision or plan for what “our future” can look like.
President Obama stated: “What’s at stake is whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, and secure their retirement.” 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. 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 labor workers and capital owners will increase, which will result in upheaval that will be very frightening and very chaotic.
At present, there is a brewing power struggle going on in the United States between individual human beings (citizens) and the plutocratic powers who manipulate our government and the would-be plutocratic powers (top corporate executive managers and financial barons). What the 99 percent movement is really all about is returning America to economic democracy. If we do not achieve economic democracy, then plutocracy will lead to fascism—the ownership of productive capital by the rich and by their institutions.
What we really need in this 2012 presidential election year is a national discussion on the topic of the importance of productive capital ownership and how we can expand the base of private capital ownership simultaneously with the creation of new capital formation, with the aim of building long-term financial security for all Americans through accumulating a viable capital estate.
See “Democratic Capitalism And Binary Economics: Solutions For A Troubled Nation And Economy” at http://foreconomicjustice.com/11/economic-justice/
