Now I can agree with a lot you have to say, but do I really need to take the hit for everyone on this.AMFAMAN,
Who's to blame...you. Take a look at your 401k one day and see who it's invested in. Think of how we all react when it goes up vs when it goes down. It goes up because company XYZ cut benefits to increase profit margin...we like it when it's not our benefits, but demand it when it is someone else's. It's unfortunate that we (US workers) are slitting our own throats to become the new China, but that's the gold standard nowadays...
I do think things are a lot deeper than the what you described. But you are correct regarding the 401k, as we willingly give our money to a banker who could potentially be investing in something that will ultimately cost us our jobs, or at the very least, a reduction in pay or benefits. It's the same with shopping at Wal-Mart and others, to buy their cheap cr*p to save a buck, even though in the long run it's forcing someone in this country out of a good paying job.
But unfortunately, most of the workerbee class financially don't have a choice anymore but to invest where the bankers want them to, and buy the disposable products of a Wal-Mart. In disposable I mean you buy a product like a TV every 5 years now instead of 25 years because they are junk, but cheap junk. At the same time they look for leadership from say the AFL-CIO, and their more worried about global alliances and organizing day workers from Mexico. The government, forget it, it's whatever the corporation want these days. So you're screwed from all sides. :down: