Economic Crisis Shows Profits over People
Black Workers for Justice
Illvox
November 28, 2008
“Layoffs” at their highest point in years . . . . “Mortgage/ Credit Crisis” with Fannie Mae/Freddie Mac failing one day… today Merrill-Lynch and Lehman Brothers failing…tomorrow which one next? All help to point out the interconnection of the financial crisis to all sectors of the global economy. The CORPORATE-OWNED MEDIA and their profit-driven news outlets refer to it as a “financial crisis” instead of an “economic crisis” to give the impression that it is mainly a problem involving the banking system and not the entire profit-driven capitalist system that impacts all working people, their families, and communities. They are hoping that we working, poor, and oppressed peoples sit by silently. . . .wait and see how things work themselves out.
read the rest here
Illvox
November 28, 2008
“Layoffs” at their highest point in years . . . . “Mortgage/ Credit Crisis” with Fannie Mae/Freddie Mac failing one day… today Merrill-Lynch and Lehman Brothers failing…tomorrow which one next? All help to point out the interconnection of the financial crisis to all sectors of the global economy. The CORPORATE-OWNED MEDIA and their profit-driven news outlets refer to it as a “financial crisis” instead of an “economic crisis” to give the impression that it is mainly a problem involving the banking system and not the entire profit-driven capitalist system that impacts all working people, their families, and communities. They are hoping that we working, poor, and oppressed peoples sit by silently. . . .wait and see how things work themselves out.
read the rest here
posted by The Editors at 2:24 PM
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