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In reply to the discussion: OK, Explain This To Me Like I’m A Complete Idiot Part 9: [View all]unblock
(52,190 posts)2. because our system can't figure out how to profit enough privately from it and prefers to do nothing
rather than not get enough private profit.
more directly, there's a shortage of demand, so if we build it, who would come?
we COULD solve this problem through a variety of governmental actions that would reduce household debt to bring back the consumer, but this would involve the government and ultimately the rich taking a little hit at first before realizing the benefits of this investment. but they pull the strings and they're not inclined to go along with this plan.
they're happy to slog through a lousy economy as long as they see others suffering far more than they are.
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because our system can't figure out how to profit enough privately from it and prefers to do nothing
unblock
Dec 2011
#2
productivity is good, IF there are better things for displaced workers to be doing.
unblock
Dec 2011
#9
And while you're at it explain why no one in Congress is talking about climate change?
lunatica
Dec 2011
#5
Because they busy raising campaign contributions. They have to set priorities, you know.
AnotherMcIntosh
Dec 2011
#22
I have no answers but one piece of it has to be fear of leaving the present job, to start a company
riderinthestorm
Dec 2011
#6
I'm not sure, but I think that was another "Idiot" topic I've addressed in the past:
HughBeaumont
Dec 2011
#11
Employer-based health insurance is a chain keeping employees at jobs they'd like to leave. n/t
Scuba
Dec 2011
#24
Yes, and while they're indebted, they can't purchase/put off purchasing products.
HughBeaumont
Dec 2011
#18
Because the neocons and neoliberals combined their efforts to sell us out w "free trade" etc.
AnotherMcIntosh
Dec 2011
#21
I think the point of these "Idiot" posts . . . . is that I want to hear the explanation from THEM.
HughBeaumont
Dec 2011
#26