[news] Disowned by the Ownership Society

[Mostly Water - "Canadian" and International alternative news feed]

By Naomi Klein - February, 04 2008

Today, the basic promises of the **ownership society** have been broken. First the dot-com bubble burst; then employees watched their stock-heavy pensions melt away with Enron and WorldCom. Now we have the subprime mortgage crisis, with more than 2 million homeowners facing foreclosure on their homes...Wall Street, meanwhile, has fallen out of love with Main Street...In short order yesterday’s ownership society has morphed into today’s members-only society.  


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    [1]: http://mostlywater.org/disowned_ownership_society

URL: http://mostlywater.org/disowned_ownership_society