Everyone agrees the middle-class peaked around 1970. It just so happens that of the 60 million households in 1968, approximately 30 million workers collected paychecks from the government or unions. Add to this this those working on government contracts and state and local government jobs, and the vast majority of all employees were unionized or on the government payroll.

And life was good.

Today, there are about 123 million households totalling less than 20 million union and government employees (less than 15 percent).

And life is hard.

Big unions and big government are clearly the best thing possible for the working classes. The numbers speak for themselves. Letting "the markets" decide has been disastorous for the working classes.

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Come Cruise with Thom Hartmann in July 2020

Join me for an exciting Bermuda getaway aboard Oceania Cruises, the world’s leading culinary and destination-focused cruise line. Set sail on the reimagined Insignia for 7 nights beginning July 25th 2020. Take advantage of Oceania Cruises’ OLife Choice promotion, where you can choose shore excursions, a beverage package, or onboard credit – Oceania Cruises also includes Wifi! You'll also receive complimentary gratuities, a $50 onboard credit and two exclusive cocktail parties. Did I mention we are planning special onboard events with yours truly? Prices start at $1199.

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Part 1 - Is Economic Disaster About to Hit & Are You Prepared?

Thom plus logo Right now the United States and the world are facing four massive trends that, in combination, we haven't faced since the 1920s. We are seeing the rise of a new and brutal form of governance with extraordinary industrial capacity and power in China, much as Nazi Germany rose in Europe.