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The gap between the upper 5% and the bottom 95% is larger now then at any time since he 1930's. Thats not an accident its a predictable consequence of the Free
by generic_user 10y ago
The gap between the upper 5% and the bottom 95% is larger now then at any time since he 1930's. Thats not an accident its a predictable consequence of the Free trade agreements that were enthusiastically promoted and enacted by the that same 5% at to top that has benefited so spectacularly from them.
- pnathan 10y ago>The gap between the upper 5% and the bottom 95% is larger now then at any time since he 1930's. Thats not an accident its a predictable consequence of the Free trade agreements that were enthusiastically promoted and enacted by the that same 5% at to top that has benefited so spectacularly from them. That's an oversimplification. You have to work backwards into the Reagan era and the deregulation from the 70s before you can start really taking NAFTA into account. If you want to throw turds at the top earners, look at the total system and don't just blame single causes. It's a very complex economic system. Further, consider the advantages of free trade: millions (billions?) of people in China have gotten better lives. Protectionism and mercantilism is not a great system for increasing total wealth...