occupied
Diamond Member
- Nov 8, 2011
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I wish it would too but supply side economics cherishes the notion of exploiting ever cheaper sources of labor no matter the ill effect it has on the people who work to put profit in the owner's pocket or any national economy or environment. The bottom line for the moneyed few is the only consideration in that system.Look, we are not a Dickesonian society. America is loaded with opportunity. I wish manufacturing base would come back because that would be a huge shot in the arm to economy in terms of investment and disposable income of consumers.For whom? Income inequality is approaching late 19th century levels after decades of giving big business practically everything they wished for, soon they will have accomplished destroying our safety nets with their pet politicians while wages will continue to be flat or even decline, I see supply side economics as a roadmap to plutocracy, it works wonderfully to concentrate wealth at the top and to keep the working poor dependent on their usurious credit lines and for profit healthcare.I know that a rising tide does not, in fact, raise all boats, tired of people still trying to sell that biggest lie of the 20th century.No single dogmatic economic philosophy works on it's own without hurting the working class, it's why we and the rest of the western world use a mix of what seems to work to keep the poor from storming the halls of government or hanging bankers in the public square.
Of course there's a mixture but if you're not leaning EXTREMELY far toward supplyside theories and away from Keynes, you don't know much economic history.
Nothing works 100%, but relative to your liberal theories of big govt spending, the rising tide does an EXPONENTIAL amount more.