A Pool of Slaves

The world economy underwent a paradigm shift in the mid-1970's, resulting from the colliding forces of automation, technology, globalization, etc., reaching a critical mass---And since the mid-1970's the Market has been unable to create the jobs necessary to its viability-With the result that "High and persistent unemployment has pervaded almost every OECD country since the mid-1970's." Dr. William F. Mitchell]-problem is, in spite of ubiquitous unemployment, particularly among our youth-to this day-the myth persists that the market can create enough jobs-the market can solve this problem---and the error in judgment has been a disaster...the 2010 election, for one---and left us with 12 million unemployed/underemployed in America, alone....