Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Showing Original Post only (View all)

Tom Rinaldo

(23,191 posts)
Fri Sep 21, 2012, 10:01 AM Sep 2012

When Worker Productivity Goes Up & Worker Pay Goes Down - That Is Wealth Redistribution [View all]

The U. S. is a capitalist nation and our wealth primarily flows through our national "market place". Who ends up with that wealth is an unambiguous result of how that wealth is distributed. When corporations generate more money than they need to operate, decisions must be made where to allocate those surplus fiscal resources. They can go toward upgrading facilities, toward research, toward marketing, toward employee compensation, or toward owner profits. These are conscious choices.

The hands that guide that distribution are not some invisible unseen market force. They belong to managers and owners and corporate boards. They belong to the one percent and to their most trusted agents. Together they have directed a massive redistribution of American wealth away from middle class Americans to the wealthiest among us. When both worker productivity and corporate profits rise while the income of the average American family falls, that isn't preordained and blameless. It is the ownership class in America furthering its own interests by redistributing the fruits of the American economy disproportionately into their own pockets simply because they can, and they are counting on no one stopping them. That's why they want a smaller government, and that's why they are willing to invest heavily in the political process in order to buy one.

We know wealth redistribution in America. It is the class warfare that most of us currently are losing.

25 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Indeed...and it has been going on for a very long time BeyondGeography Sep 2012 #1
At least 30 years... Tom Rinaldo Sep 2012 #2
I work for these types BeyondGeography Sep 2012 #5
I just hope the Obama team isn't oo cautious in response Tom Rinaldo Sep 2012 #8
I have very high hopes for a second term BeyondGeography Sep 2012 #12
Hey BG, please work this post up into a seperate OP Tom Rinaldo Sep 2012 #11
One of these days... BeyondGeography Sep 2012 #14
Commie! leftstreet Sep 2012 #3
If Obama is a Socialist that must make me a Commie, at least! Tom Rinaldo Sep 2012 #4
Good morning to you, Comrade leftstreet. PowerToThePeople Sep 2012 #7
I'm going to steal that. n/t Bonhomme Richard Sep 2012 #6
You can't steal it, it's free! :) n/t Tom Rinaldo Sep 2012 #9
Damn! Foiled again. n/t Bonhomme Richard Sep 2012 #20
Bingo genxlib Sep 2012 #10
That was their intent wasn't it jonesgirl Sep 2012 #18
Money is the opposite of work DaveJ Sep 2012 #13
Great point, and also true of the stagnant minimum wage. n/t ProSense Sep 2012 #15
Yes, that too... Tom Rinaldo Sep 2012 #16
That is trickle-down coupled with global corporatism. toddwv Sep 2012 #17
Job Creators v. The Moochers Deacon Blue Sep 2012 #19
Nice quote, I never saw that one before. Tom Rinaldo Sep 2012 #21
kr HiPointDem Sep 2012 #22
Yes! That's what I've been saying for years Canuckistanian Sep 2012 #23
America is not threatened by a "Culture of Dependency"... Tom Rinaldo Sep 2012 #24
K&R nt Mnemosyne Sep 2012 #25
Latest Discussions»General Discussion»When Worker Productivity ...