Saturday, March 9, 2013

#68 / Pound Foolish

"In a society where salaries have stagnated and fallen, net worth has plunged, even as the costs of things like healthcare, housing and education have gone up at rates well beyond that of inflation, it’s not surprising most of us have financial problems. But most of us still don’t see that we have a societal problem. Instead, we listen to people and organizations that insist our problem is an individual one."

This quotation comes from an article that appeared on AlterNet

Once again, that "unit of analysis" issue seems to be right at the heart of a proper understanding of reality. "Personal finance" isn't the problem. The economic structure of our society is!

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