Debt isn’t killing us. Stratification is.

Cringely here writes here about the cost of bandwidth relative to what ISPs charge, but this paragraph points out exactly why it may take a generation to pull ourselves out of our current malaise.

In the conflict between big and small I tend to come down on the side of small. we’re recovering from the worst recession in a generation and big companies aren’t doing a damn thing to help. They don’t pay taxes, they don’t create jobs, they don’t spend money, and as a result the economy is under-stimulated. Large U.S. corporations have restructured themselves to avoid taxation, they see their primary function as increasing productivity which means decreasing employment, they have their highest profits ever and are sitting on $2 trillion in cash that they aren’t going to spend.

via I, Cringely » Blog Archive » Internet Class Warfare – Cringely on technology.