The Looting Class and the Imploding Class

There is no need for speculation on what would happen if the US imploded, because it obviously has imploded as far as the great majority of the population is concerned. True, some of the elites have implemented a vigorous looting program for themselves, by for example paying themselves massive salaries and bonuses even after the financial collapse and as another example by refusing to lend to credit-worthy businesses even after receiving huge public bailouts. And elites can pretend that the US has not imploded if they ignore the bottom 90% of the population. But unless you are in the looting class you are in the imploding class.

Meanwhile, Europe's far more sophisticated and humane political and economic systems have to one extent or another insulated their common man populations from being devastated by the financial collapse and from the ongoing looting. For example, many European countries have unemployment rates that are less than half the real unemployment rate in the States, not to mention that the involuntarily unemployed in Europe get subsistence so that they are living in ordinary houses and apartments rather than in shelters, cars, tents, and under bridges.

The above was in response to this article.