Reply #62: When The Private Sector Creates Good Paying Jobs With Good Benefits

[Yavin4]

People prefer capitalism. Over the past 30 years, and in particular the last 10, the number of private sector jobs not related to the housing bubble has declined along with the benefits that they bestowed.

Globalization, which is nothing more than labor arbitrage dressed up as free trade, is destroying capitalism because it creates a bifurcated world economy, with low labor cost production nations selling to indebted consumer nations. This is economically unsustainable and explains the mess we're in today.

The people are going to want more from their government because the private sector is simply not giving it to them, and that's why you're seeing the movement towards socialism.