Quote:
Originally Posted by Dom1
According to the GINI coefficient, which Storman posted a while back, the greatest rise of disparity between the rich and the poor came in the 1990's. It was far more than the growth rate in the 70's, 80's, and much futher than what it was between 2000-2005. It grew .034 in the 90's and .007 in the five years between 2000-2005. Explain this away if you since you think it is the presidential administrations that influence this. I'll be waiting.
The market is also changing in that 30 years ago people could go out in the work place without a college and sometimes without a high school education and get good paying jobs, that is not the case now as it was then. The market has changed to the effect that the majority of the better paying jobs require education. This has nothing to do with any administration . . . blame technology.
Industry has power and has had power from the time they began to employ massive amounts of people. FOTM, the economy does depend upon industry and there is no denying this. The United States does have one of the highest corporate tax rates in the world, and that is the truth. So what is your plan, get rid of corporations? Where will all those people work? Unions still hold massive amounts of power, especially since in many places a person can't work unless they join a union. Are unions an example of democracy? Doesn't it make sense that unions such as the UAW will suffer in the past thrity years since the US share of the world auto market has suffered even more so? You and I both complain about the US bailing out the airline industry, but where do all those people employed by the airline industry work if the government doesn't bail them out?
Now, tell me again where there was an economy in world history that was not dominated by the wealthy. Where is the example we should learn from?
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I have never advocated getting rid of Corporations! In fact why kill the golden goose (right)!
Point is, those in power today want to destroy what the Founding Fathers believed in, created, and handed down for all those who followed them to preserve. In its place,
the current ruling class wants to replace that vision with an imperial presidency supported by a submissive Congress and compliant courts that's no different than the repressive monarchy and aristocracy the American Revolution overthrew in the first place.
The new US corporate aristocracy is getting richer and more powerful, of which it only can do at the
expense of the public and especially the middle class it wants to destroy. All this due to over 25 years of Reagan and Bush I & II. This does not let Clinton off the hook as well! Clinton pushed thru NATA and WTO to appease the Republican Congress back in the 90's.