Imploding might be a proper word for it. You simply cannot have "growth"
when so many people are unemployed, underemployed, and underpaid. The
economic system does not work because so many people are undervalued.
That's really is the crux of the matter. The remedy, to this point, has
been credit, but that can only last so long, as we know. The next
alternative is poverty, as you rightly suggest.
The two-party system is to the liking of the ruling elite. It is easy for
them to control. In the past, when the prevailing parties did not meet the
needs of the people, a new party sprang up. I am not sure why that doesn't
work today. Perhaps, as you also suggest, too many people are baited into
thinking the two current parties can really bring change. We certainly
know that that isn't true.
The times are certainly interesting. I keep hearing about this "fiscal
cliff". I don't know what that really means. It seems that the answer is
always more debt. I don't see how this time will be any different. I
guess until the bond rates start shooting off the charts, we won't see any