I'm watching the Men that built America on the history channel. I'll tell you the model for remaining number one is in the late 19th century and early 20th century when a man could become as powerful as hell pleased.
Why is it good for innovation? Simply because under this system a man would work really ******* hard to come up with new idea's and drive our nation forward. This is why we had electricity, light bulbs, trains, rail-tracks, oil, steel, cars, trucks, trains, etc. Without a strong reason to innovate why would anyone want to invite and create wealth for our nation? Today China is kicking our ass for just this reason! Now I'll admit that workers deserve high working standards and fair pay. Again fair pay is what the market rates it at...This is a law of economics!
If we wish to remain the most powerful economic engine on earth. We're going to have to relearn how and why we became such in the first place. The rich must want to invest not only within our national interest but within theirs. Yes, there's nothing what so ever wrong with a man becoming filthy ******* rich for good idea's.
This is something we learn or die on. I agree that the workers deserves a clean work place with a fair market place wage. We can agree on that?
I too am watching this History Channel production but have a little different take on what I'm seeing and hearing than are you. For example, the actions of J. P. Morgan in ******* over Nicola Tesla, efforts by John D. Rockefeller to discredit electricity as a source of lighting 'cause he held enormous amounts of kerosene lamp oil, and the actions of Henry Clay Frick who cut wages, increased hours of the steel workers and used the Pinkerton's to murder steel workers in an effort to break the workers strike.
See "The Gilded Age" for the rest of the story of how the rich got richer and the poor poorer and compare it to what the Republican Party has become. A reactionary party - that is one which wishes to return to the past - where the rich write the rules and enforce them too. See also the last chapter wherein the rich buy the Presidency but end up with a Progressive as POTUS.
Thank you Matthew for posting this thread, it puts contemporary issues in perspective and demonstrates in stark detail why I believe Capital needs Labor, Labor needs Capital and both need a strong
independent federal government able to regulate the demands and actons of both.
PS
Independent means we must have campaign finance reform and repeal the crazy decision by five men to equate Free Speech with Money in CU v. FEC