Weekend Economists Rise Again August 10-12, 2012

[Demeter]

11. Well, it's because you are in the Business School

The conservative mindset has taken over there for a good thirty years. There's never actually been a liberal business mindset, even during FDR's time, in the larger business world, and the New Deal just gave the 1% fits, hence the impetus to undo it all that Reagan started. Because Business looks upon Labor as an adversary, I don't expect this to change until Business is just Organized Labor (co-operative corporations owned by the workers, instead of passive investors).

You'll have to do extra reading to get the liberal economists--Galbraith is a classic, of course, and we here in t his little forum will post any and all we find. I've noticed that often the conservatives may get the basic economic facts of what is going on correct, but then they go into conservative contortions trying to blame the results on liberal politics. As if!

As it is written, the Affordable Care Act IS detrimental to sustained economic progress. It's a hugely complicated, massively costly drag on people to pay off the insurance companies and the hospitals and other private industries that feed off them. I'm hoping for an early collapse of the whole scheme and a political breakthrough to Single Payer, but that may be after we are all dead...if the country still survives at all. Some days I'm more pessimistic than others.