- 09 Jul 2018 02:36
#14931161
https://www.politico.com/magazine/story ... ics-218960
Politico has an interesting interview with a potential presidential candidate:
I know what the answer is.
The answer is Neo-liberal economic theory is keeping the US from increasing Gov. spending to finally get the nation's economy going again and it caused labor laws to have been gutted so wages have not gone up for 35+ years. This means that the American people are hurting a lot.
Students are being crushed under college-debt.
Jobs don't pay enough because all the corporation's increases in income/profit for the last 35+ years have *all* gone to the top 1% to 5% and none has gone to the workers. Young people can be working full time and still qualify for Medicaid and other Gov. welfare programs.
Many people in the age group 20-65 are not holding full time jobs. They are unemployed or working part time.
There are not enough dollars in the hands of the bottom 90% of Americans to create enough demand to get the American economy moving again.
All of this stems directly from Neo-liberal economic theory. A theory by and for the 1%, and only for them. The 1% use their money to keep this theory in place by paying the salaries of economists who espouse it. They do it in think tanks and by subsidizing University Economics Depts, with strings attached, etc.
Politico has an interesting interview with a potential presidential candidate:
"The line Obama used all the time in the 2016 campaign and since, is that if you had to be born at any time in history, in any country, you’d pick now, in America.
Right, Landrieu says. But that wasn’t the feeling that drove Trump’s win and power since.
“We are not in a place where the world is about to take us over, and we ought not be in a position of crouched fear and hunched in and isolated. We ought to be feeling much better about ourselves. But here’s the thing: we’re not,” Landrieu says. “And so I’m not trying to diminish people’s feelings. I think the question is, why do we feel that way? Because there’s an answer there, and I don’t know what the answer is at the moment.”
I know what the answer is.
The answer is Neo-liberal economic theory is keeping the US from increasing Gov. spending to finally get the nation's economy going again and it caused labor laws to have been gutted so wages have not gone up for 35+ years. This means that the American people are hurting a lot.
Students are being crushed under college-debt.
Jobs don't pay enough because all the corporation's increases in income/profit for the last 35+ years have *all* gone to the top 1% to 5% and none has gone to the workers. Young people can be working full time and still qualify for Medicaid and other Gov. welfare programs.
Many people in the age group 20-65 are not holding full time jobs. They are unemployed or working part time.
There are not enough dollars in the hands of the bottom 90% of Americans to create enough demand to get the American economy moving again.
All of this stems directly from Neo-liberal economic theory. A theory by and for the 1%, and only for them. The 1% use their money to keep this theory in place by paying the salaries of economists who espouse it. They do it in think tanks and by subsidizing University Economics Depts, with strings attached, etc.
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