you cannot keep on shifting income from labor to capital without having an excess capacity and a lack of aggregate demand and there is no way to create demand with supply side economics. That’s what has happened. We thought that markets worked. They’re not working. The individual can be rational. The firm, to survive and thrive, can push labor costs more and more down, but labor costs are someone else’s income and consumption. That’s why it’s a self-destructive process.” Why capitalism is killing America. The wealthy will gladly see America Die for their increased wealth.
Unfortunately, this awareness that Adam Smith’s ideal of capitalism is being ignored by today’s conservatives is proof why Piketty’s forecast for this century is certain to come true. Adam smith did say that at times wages aren't dictated by the market that when it is broken business sets wages. and that is exactly what is happening now.
In short, the trend is guaranteed to get worse, not better. America, democracy, capitalism and the global economy are heading for disastrous collapse. An elite group of just 85 of the wealthiest billionaires already have more wealth than the 3.5 billion poorest half of the world population. Read that again. Do you think that this is a good thing.
This is what the right offers this country, in 2016 as they have in decades past ,have marketed their philosophy with the language of hate. They have created a monster that can consume them and they can't control. There only long term hope for a future is to take away as many segments of the population that is populated with a majority of democrats, They have done this in every state that they are controlling now, It's a national program and I do agree with them ,they are willing to poison our republic by stopping the ability of people to vote while they see their epitaph slowly closing in on them , The epitaph is one word "Demographics"
Unfortunately, this awareness that Adam Smith’s ideal of capitalism is being ignored by today’s conservatives is proof why Piketty’s forecast for this century is certain to come true. Adam smith did say that at times wages aren't dictated by the market that when it is broken business sets wages. and that is exactly what is happening now.
In short, the trend is guaranteed to get worse, not better. America, democracy, capitalism and the global economy are heading for disastrous collapse. An elite group of just 85 of the wealthiest billionaires already have more wealth than the 3.5 billion poorest half of the world population. Read that again. Do you think that this is a good thing.
This is what the right offers this country, in 2016 as they have in decades past ,have marketed their philosophy with the language of hate. They have created a monster that can consume them and they can't control. There only long term hope for a future is to take away as many segments of the population that is populated with a majority of democrats, They have done this in every state that they are controlling now, It's a national program and I do agree with them ,they are willing to poison our republic by stopping the ability of people to vote while they see their epitaph slowly closing in on them , The epitaph is one word "Demographics"
