CA bankruptcy; effect on r.e.

[jonnycsd]

bsrsharma wrote:

. . . may eventually lead to CA becoming a two tier society like Brazil: the gated communities with self contained municipal services and the left behind who have to some how survive without a functioning state

IMHO the entire USA is quietly but steadily moving towards a Brazilian socio-economic model. Like frogs in a pot of water on the stove top, by the time people realize what is happening it will be too late. The middle class will be gone, corruption rampant and clientelismo politics will be the accepted order. And yes, there will be gated communities and a massive underclass.

[briansd1]

[quote=jonnycsd]bsrsharma wrote:

. . . may eventually lead to CA becoming a two tier society like Brazil: the gated communities with self contained municipal services and the left behind who have to some how survive without a functioning state

IMHO the entire USA is quietly but steadily moving towards a Brazilian socio-economic model. Like frogs in a pot of water on the stove top, by the time people realize what is happening it will be too late. The middle class will be gone, corruption rampant and clientelismo politics will be the accepted order. And yes, there will be gated communities and a massive underclass.[/quote]

America as a society with a large middle class (as we see it today) is a 20th Century phenomenon.

Originally a middle class family was a merchant class family. By today’s standards, they would be considered rich.

Up to the 1930s is was not uncommon for “middle class” families to have servants who were children.

There is no reason why we can’t revert back to the old way.

If you look at the history of New York, Boston, Philadelphia, and Washington DC then you would see that society was not much different from Brazil today.

[briansd1]

[quote=jonnycsd]bsrsharma wrote:

. . . may eventually lead to CA becoming a two tier society like Brazil: the gated communities with self contained municipal services and the left behind who have to some how survive without a functioning state

IMHO the entire USA is quietly but steadily moving towards a Brazilian socio-economic model. Like frogs in a pot of water on the stove top, by the time people realize what is happening it will be too late. The middle class will be gone, corruption rampant and clientelismo politics will be the accepted order. And yes, there will be gated communities and a massive underclass.[/quote]

America as a society with a large middle class (as we see it today) is a 20th Century phenomenon.

Originally a middle class family was a merchant class family. By today’s standards, they would be considered rich.

Up to the 1930s is was not uncommon for “middle class” families to have servants who were children.

There is no reason why we can’t revert back to the old way.

If you look at the history of New York, Boston, Philadelphia, and Washington DC then you would see that society was not much different from Brazil today.

[briansd1]

[quote=jonnycsd]bsrsharma wrote:

. . . may eventually lead to CA becoming a two tier society like Brazil: the gated communities with self contained municipal services and the left behind who have to some how survive without a functioning state

IMHO the entire USA is quietly but steadily moving towards a Brazilian socio-economic model. Like frogs in a pot of water on the stove top, by the time people realize what is happening it will be too late. The middle class will be gone, corruption rampant and clientelismo politics will be the accepted order. And yes, there will be gated communities and a massive underclass.[/quote]

America as a society with a large middle class (as we see it today) is a 20th Century phenomenon.

Originally a middle class family was a merchant class family. By today’s standards, they would be considered rich.

Up to the 1930s is was not uncommon for “middle class” families to have servants who were children.

There is no reason why we can’t revert back to the old way.

If you look at the history of New York, Boston, Philadelphia, and Washington DC then you would see that society was not much different from Brazil today.

[briansd1]

[quote=jonnycsd]bsrsharma wrote:

. . . may eventually lead to CA becoming a two tier society like Brazil: the gated communities with self contained municipal services and the left behind who have to some how survive without a functioning state

IMHO the entire USA is quietly but steadily moving towards a Brazilian socio-economic model. Like frogs in a pot of water on the stove top, by the time people realize what is happening it will be too late. The middle class will be gone, corruption rampant and clientelismo politics will be the accepted order. And yes, there will be gated communities and a massive underclass.[/quote]

America as a society with a large middle class (as we see it today) is a 20th Century phenomenon.

Originally a middle class family was a merchant class family. By today’s standards, they would be considered rich.

Up to the 1930s is was not uncommon for “middle class” families to have servants who were children.

There is no reason why we can’t revert back to the old way.

If you look at the history of New York, Boston, Philadelphia, and Washington DC then you would see that society was not much different from Brazil today.

[briansd1]

[quote=jonnycsd]bsrsharma wrote:

. . . may eventually lead to CA becoming a two tier society like Brazil: the gated communities with self contained municipal services and the left behind who have to some how survive without a functioning state

IMHO the entire USA is quietly but steadily moving towards a Brazilian socio-economic model. Like frogs in a pot of water on the stove top, by the time people realize what is happening it will be too late. The middle class will be gone, corruption rampant and clientelismo politics will be the accepted order. And yes, there will be gated communities and a massive underclass.[/quote]

America as a society with a large middle class (as we see it today) is a 20th Century phenomenon.

Originally a middle class family was a merchant class family. By today’s standards, they would be considered rich.

Up to the 1930s is was not uncommon for “middle class” families to have servants who were children.

There is no reason why we can’t revert back to the old way.

If you look at the history of New York, Boston, Philadelphia, and Washington DC then you would see that society was not much different from Brazil today.

[Author]

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