We are due for another recession. We really are. Based on the statistics on American depressions and recessions since the end of World War II, it’s more likely than ever that we’re staring down at the face of economic collapse. With big bank bailouts and a progressive movement sweeping over the economic realization of millennials, our policies are going to witness severe change and difference than what it’s been used to for several decades.
While I don’t believe traditional retail is dying, I do believe it’s transforming. The buy-and-sell process is still very well seen even with big online dealers such as Amazon. Instant access is huge for customers. Accessability is huge. Why would anyone want to get in their car and drive somewhere when they can lounge around in their underwear and purchase the next Fifty Shades of Grey or whatever the general population has decided is “good fiction” from the luxury of their own home? Traditional retail is attempting to step into a world of convenience. The conventional store front is evolving into an online webpage.
The American obsession with money has been present throughout our history. The media — whether it be news networks like CNN or entertainment channels like MTV — teach our society that greed is good. We’re force-fed wealthy propaganda, seeing stories and advertisements for the “best cars”, “most expensive colognes and perfumes”, “great shoes”. People proudly show off their wealth on television, a nonstop wave of new-age Hollywood movies glorify the lifestyles of the elite men and women of America, and American politics have proven time and time again that money is behind anything. Then we have the dreaded Powerball lottery.
Puerto Rico, one of the most prominent United States territories, has been suffering through a deepening debt crisis. This dispute over the territory’s finances masks a struggle that has been lingering in American politics for years — for wealth and power. This economic battleground will attempt the balance the peculiarities of Puerto Rico’s official political status and Wall Street corporate greed.
Ralph Anspach, an American born in 1926, is a retired economics professor from San Fransisco State University. Graduating from the University of Chicago, he fought with the Mahal, volunteers who went to the Middle East to fight in the 1948 Arab-Israeli War, in support of the independence of Israel. You may have never heard of Ralph Anspach, but you’ve definitely heard of the famous board game Monopoly, something Anspach despises with a burning passion.