28 Jan 14
Originally posted by normbenignSilly claim. Wealth has been trickling up steadily for decades as measured in the distribution of wealth. The very rich have been getting dramatically richer, everyone else standing still or slipping.
On the thread title, wealth certainly can't trickle up. How much it trickles down depends on how little unnecessary interference the market gets from government.
Tiresome to hear the same-old same-old endlessly repeated. Nothing learned.
28 Jan 14
Originally posted by normbenignIn the early Eighties Britain's first Thatcher government had as its mantra the phrase 'stop bailing out failed businesses', or in the language of the time 'rescuing lame ducks'. They wiped out 20% of Britain's industry in a few years flat and it has not been replaced with anything more competitive. Just wasteland. Countries like Germany and France took the opposite view and have prospered.
2. Stop bailing out failed businesses, whether banks, or automakers.
Neo liberal economics favours the speculators of the financial services at the expense of productive wealth creators. In Britain, rescuing the banks was justified by claiming 10% of British jobs are in the financial sector, but destroying the arts is not inhibited by knowing they also employ 10% of the working population.
An economic recovery based on renewed and untrammelled financial speculation fuelling another property and asset price bubble is what awaits us in Britain. I have long stopped caring what awaits you Americans when you dump Obama (a neo-liberal in any case) for the Republican / Tea Party vision.
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29 Jan 14
" I have long stopped caring what awaits you Americans when you dump Obama (a neo-liberal in any case) for the Republican / Tea Party vision."
Well said. Not sure what to think of Obama (not liberal enough for me and it remains to be seen if will try to do anything for "the least of these"😉. In regards to tea-party - they are being used by the Koch brothers and their ilk to further their attempt to turn the nation into a plutocracy.