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Economics and Social Change
Rarely is the role of economics given credit for social change. The fall of the Soviets resulted in large part from the leadership viewing the Middle Class of the US and Europe and realizing that even at the top of the Soviet system they had nothing. China looking over the fence at Hong Kong, South Korea and Japan had tangible evidence of their failed system.
The Economic Recession and TexasThe Federal Reserve has determined that household net worth – all the things of value a person has like houses and checking accounts – dropped nine percent in the last three months. This is the biggest quarterly decline in over fifty years. Things seem bad for the average American these days, but nine percent is nothing compared to the 25% drop in wealth of Dell Inc. CEO Michael Dell.