I keep reading about the peak of Life Expectancy in the US… catch up here. This is ridiculous phrasing, Life Expectancy hasn’t Peaked, there is merely a bump in the road.
Why has it decreased? People are eating unhealthy food.
Why are they eating unhealthy food? Because its cheap and they can’t afford more luxurious dining.
Why can’t they afford it? Because they are poor.
Why are they poor? Because real wages have stagnated
Why have they stagnated? Increased corporate profitability has not been shared equally.
What can we do? When capitalism fails, the big guns come in, Government must act. Measures to tackle inequality must be taken. Chile’s concept of “Unidad De Fomento” must be adopted, indexed units of account, are the key to protecting the consumer from the “money illusion”. Read up on it here. It is the most innovative way to keep purchasing power constant.