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It's impossible for economic policy to not be politicized. Look around the world, all political parties are distinctly grouped by their economic beliefs. If any
by tray5 9y ago
It's impossible for economic policy to not be politicized. Look around the world, all political parties are distinctly grouped by their economic beliefs. If anything, the US political landscape needs to be more far more political on the economy. Differentiating republicans and democrats on their economic policies is almost impossible. Especially compared to literally every other country (excluding dictatorships). This almost identical belief about the economy has made an incredibly toxic and arbitrary system where people misplace their anger at each other because they have not been educated on what the true source of their anger is or what their alternatives are! It's made an ugly tribal political system where it's us vs them.
- Consultant32452 9y agoI agree. The economic policies of Democrats and Republicans is really indistinguishable from Goldman Sachs economic policy.
- justinzollars 9y agoThats why I own GS stock!
- Consultant32452 9y agoThat's why I own a prepper bunker!
- jevgeni 9y agoPrivate enterprises don't have economic policies.
- Consultant32452 9y agoYou don't think private enterprises lobby for economic policy? Maybe you're just making an argument about wording?
- jevgeni 9y agoWording is important. The current US president is a good example of what happens, when one is careless with one's language. GS doesn't define U.S. economic policy. It might lobby for some specific issues, sure. But it isn't interested in defining the entirety of economic policy. Also, I don't see lobbying as a problem, if it is transparent.
- deleted 9y ago[deleted]
- Consultant32452 9y agoWording is important. And I intentionally worded my OP to convey my concern that US economic policy is indistinguishable from GS wishes. It's just a little artistic expression, and it was clearly effective since you apparently knew exactly what I meant. I'm not writing an article in the Quarterly Journal of Economics here. When US economic policy is indistinguishable from the wishes of GS, GS may as well have an economic policy.
- jevgeni 9y agoWhat bothers me is the conspiracy-theory-like obsession with GS. No mention of JPM, or BofA, or Citi, and so on. It's not about you concretely, just in general what I often hear and see. Your comment was just an example of the focus. It's like GS is the only bulge bracket bank with lobbying interests and deep Washington connections. GS are mostly smart and mean. Sure. But do you really think that their competition does nothing and lets them dictate their interests in DC willy-nilly?
- Consultant32452 9y agoIt's because GS alum are consistently finding themselves in high political office. Rahm Emanuel, Obamas Chief of Staff, was on the GS payroll for $3k/mo while in office. His job description at GS was to "introduce us to people." Here's an article about GS ties to Trump's White House. https://www.nytimes.com/2017/01/12/business/goldman-sachs-completes-return-from-wilderness-to-the-white-house.html https://www.nytimes.com/2017/01/12/business/goldman-sachs-co... BofA, JPM, etc. definitely have ties, but it never seems to be as blatant as with GS.
- jevgeni 9y agoIt is more or less similar for G7 countries. Most Western parties converge to similar economic policies. The toxicity in American politics, IMO, comes for the two party system and the structure of representation. Things look very different in parlamientarian republics.