10.17.2008

The Coming Collapse of the Middle Class



In this video lecture, distinguished law scholar Elizabeth Warren contrasts today's families to their counterparts of the '70, and finds that changes in the economy are undermining, constricting and bankrupting America's political, social and economic foundation: the Middle Class.

"I fear we're moving from a three class society to a two class society...threaten[ing] the fabric of our country. We have a middle class that's weakened. And...it's time to realign our academic and political alliances to talk more about what's happening with these families."
Dr. Warren teaches contract law, bankruptcy, and commercial law at Harvard Law School. She is an outspoken critic of America's credit economy, which she has linked to the continuing rise in bankruptcy among the middle-class.