Fulltime enMasse Member
Joined: 12 Apr 2006
|Posted: Thu Sep 22, 2011 5:27 pm Post subject: Discredited Neo-Liberal Economics
|It's a link to my blog, so it could have gone to blogger row, but it's about economics, so what the hell ...
"Discredited Neo-Liberal Economics: Still Trying ..."
|So, there's been no weakening of the labour movement. No union-busting. There's been no destruction of unionized jobs through automation, globalization, lay-offs and speed-ups. There's been no shrinking of the welfare state under various pretexts. There's been no income tax-cuts that mainly benefited the wealthiest, while payroll taxes, property taxes, consumption taxes and user-fees, primarily affecting average people, haven't been increased. The world's financial markets haven't become increasingly de-regulated, allowing for massive gambling profits for the few, along with increasingly frequent panics, meltdowns, and bail-outs (paid for by the unprivileged many).
Nope. None of that.
Share prices just increased because the baby-boomers started saving for their retirement.
It turns out that WE are the "greedy capitalist" we've been running from.
Man! I hate them fancy-lads!