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Response to wyldwolf (Reply #2)

Sun Feb 28, 2016, 03:15 PM

112. Yes, it happens at least once a day

At least once a day, an apologist for establishment Democrats comes on DU to tell the progressives that there's nothing wrong with the Democratic Party or neoliberalism or a widening income gap or crooked Wall Street banks; and the we should sit down, shut up and vote for the corrupt candidates you "sensible" people choose for us and pretend we like being screwed.

How long do you really think that's going to last? How long do you really think we peons will play dumb for the benefit of corrupt politicians and their crooked paymasters like Legs Dimon and Pretty Boy Lloyd in an economy that gives us an illusion of prosperity as one bubble expands but always brings us back to a terrible reality when it bursts?

Let me try to express this in a way that has nothing to do with Hillary Clinton, Bernie Sanders or any of the Republican clowns still standing. The most consequential president in our lifetime, dwarfing all the others, was Ronald Reagan, and that is not a good thing. He is consequential because his administration (not Reagan himself, he never knew what he was doing) ushering in the era of neoliberalism. He'd be horrified to call it that, of course, but it goes by other names: supply-side economics, trickle-down economics, Reaganomics,etc. Lately, I've taken to calling it really fucked up economics. Whatever it's called, it is the Zeitgeist of the day since 1981. It presumes, falsely, that a deregulated market will work at least as well if not better than a government regulated market because the elites, being wise men or they would not be so wealthy, will make rational decisions and not try to take such an advantage over their rivals in the market because that would destroy the market that benefits them. And they would create jobs by reinvesting profits into their magical wealth creating corporations and everybody lives happily ever after.

A person who believes that probably believes in rainbows and unicorns. We've been waiting for trickle-down for three and half decades. If that were a workable scheme, we'd all be rich and happy by now. Instead, we have a situation where the middle class is shrinking and most new income goes to the corporate elites and stays there. It's like were trying to have capitalism without a middle class to buy the products generated in factories or on farms. A Marxist would call that a contradiction. I didn't go to an Ivy League university like the reprobates who run industry and government, but a mere state university, so I just call it unsustainable. Anyone with common sense would observe the situation, subject it to scientific analysis, and conclude that it just doesn't work.

Except for those who profit from really fucked economics, and I think they're just trying to hoodwink the rest of us.

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