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Reagan, Clinton, and Bush Jr are the 3 presidents that have obliterated the working class. Unrestrained capitalism creates monopolies and those 3 presidents cr
by cogman10 2y ago
Reagan, Clinton, and Bush Jr are the 3 presidents that have obliterated the working class.
Unrestrained capitalism creates monopolies and those 3 presidents created an environment for monopolies to flourish.
Reagan started things off by deregulating businesses and rewarding big business for "efficiency". Which really just translated into big businesses buying out the competition and jacking up the prices.
Clinton continued a trend primarily by dismantling and privatizing the federal government. That lead to giant Quazi-government businesses that have little to no competition and ultimately bring the worst of all worlds. The rollout of the ACA marketplaces is a prime example of what that capture looks like, a sub sub sub sub sub contracted and ultimately outsourced project that was riddled with bugs costing millions to create when literally if the fed gov had a team of software devs employed (perhaps some of the devs from the DOD?) it would have cost far less and would have actually worked.
Bush then caused a crisis in funding by dishing out huge tax cuts. Those tax cuts (especially around capital gains) essentially encouraged the hording of wealth while simultaneously with Clinton's privatization of social programs caused a crisis in the federal budget. Couple that with 2 giant boondoggle wars where we effectively dumped trillions of dollars into defense companies to later abandon our purchases in the desert. Defense companies, I might add, that shouldn't exist as their only client is the US government. Why should we be funding 4 or 5 companies to build weapons for the US military? Why can't the US military build its own weapons? Why should we be purchasing wasted tanks with generals literally begging the US government to stop buying equipment? I would much rather that money go to something like UBI, food stamps, or SS/Medicare instead of being the most inefficient way to make jobs. Heck, we could dump that money into free public education and R&D to make sure we aren't falling behind technically without producing weapons that will sit unused.
- dhaugshs 2y ago[dead]
- tzs 2y ago> The rollout of the ACA marketplaces is a prime example of what that capture looks like, a sub sub sub sub sub contracted and ultimately outsourced project that was riddled with bugs costing millions to create when literally if the fed gov had a team of software devs employed (perhaps some of the devs from the DOD?) it would have cost far less and would have actually worked. You are probably overlooking a lot of complexity in the ACA marketplace software. It needed to exchange information with a bunch of different state systems and the systems of several different federal agencies, and most of those systems had not been designed to exchange information with systems outside of their state or agency.