Monday, November 28, 2011

No Bargin for Old Men

The chant of the 99% is simply saying "we are the 99%". Thanks to the efforts of the occupiers the most important issue in American politics is economic inequality. What is it that has driven our economy to this simple catastrophe? Corporate greed. Taking a page from history; the great crash of 1929 was part and parcel to the accumulation of record profits by large corporate interests. This eventually led to the great depression. The means by this is very simple. The erosion of worker pay has declined so steeply that people cant afford to buy like they used to. The value of the worker was diminished and the people of America got sold out.
          In our current times the bubble burst but a double whammy hit us this time. Housing and job sectors of the economy crashed. Investments and financing took a dive and the stock market crashed. Ultimately the people who loose out are the working class. The wealthy get more rich just as they did in the 20s. It keeps going on and the wealthy refuse to budge because they simply don't have to. The political gridlock in Washington seems to have the roots in this fact.
     The article delves into the idea of restoring this pact with America. That we are a nation of families and people come first. The author gives the example of Henry Ford when he gave his workers $5 a day which the Wall Street Journal called at the time an "economic crime". He knew his workers would now become customers for his model T. The economy is for the people. Its that simple.
         The simplicity has been eye opening for me. The greed of capitalism could perhaps have been slowed by temperance but its not a quality as we know it of a capitalist system. This then is a good case for rethinking the American Economy. Rebuild infrastructure and put the America back to work.
     While the rhetoric may seem like a rally cry from the left, the author is just making a simple point about economics and history. Not once were Republican or Democrat mentioned. The author took aim at politicians with collective failures.

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