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It's what it is today because that's how it's been adjusted by the capitalists, economists and politicians. I'll avoid the inevitable diversion into neoliberali
by NeedMoreTea 7y ago
It's what it is today because that's how it's been adjusted by the capitalists, economists and politicians. I'll avoid the inevitable diversion into neoliberalism.
The fifties and sixties had a sustained period of increasingly shared worker participation, believed in by both sides of the political fence. Rising pay, conditions, pensions, fringe benefits, and reducing inequalities. Regulation to combat the ills of capitalism and markets, to prevent a repeat of 1929, to be suspicious of overly large corporations, to improve the lives both of worker and residents near the factory. It was Republican Nixon who formed the EPA and brought the clean air act.
By placing commerce above nation you restrict the impact of government, the shared deal is defenestrated, and it becomes a global race to the bottom. It makes it super-easy to trade one nation against another, and move profit around to avoid paying the rightful tax. Just because. The corporation is now above its government. Make it wherever's cheapest or has fewest restrictions. The current home of manufacture rises, the globe as a whole does not. Environmentally, climatically and regulationally it got worse.
Not to say I object to other nations rising, I don't at all. It could have been done without throwing baby out with the bath water.
- simonh 7y agoWhat has happened that is hurting us in the West is that wages have stagnated. Our standard of living is still going up, but that's largely driven by cheaper goods from developing countries (cough China cough) and better technology. I suspect this is simply due to the fact that there are now hundreds of millions more middle class people in the world that can do our jobs just as well as we can. However I can't bring myself to cry foul. Why shouldn't they get a fair bite at the apple? Inequality is definitely an issue, but frankly if we're going to vote in billionaires so they can give themselves and their rich mates historically unprecedented tax breaks, while profiting enormously from their position of privilege, maybe we deserve it.
- NeedMoreTea 7y agoAye it's hard to talk against your last point. Though did they choose it or were they marketed to vote that way? It's a remarkable success story that so many have voted against their own best interests over the last 30 or 40 years. Though there was a decided lack of alternative views, just degree.