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Originally Posted by JoshGirls Josh
you are right - capitalism does increase wealth & its the best system there is to lift all boats. But you are also wrong. cause the capitalists have done exactly that, focused solely on the shareholder, & not on their employees. So the working class jobs have been getting outsourced or the wages are stagnant.
We need a dose of populism. first, at the government level, to end these unfair free trade agreements that have helped only the capitalists. some protectionism is in order to stop the bleeding of jobs to asia & mexico.
But we also need our CEOs to be a little less obsessed with the shareholder, obsessed with their own pay, & more concerned about ensuring their employees can be viable consumers.
The wealth gap at fast food restaurants, at retail, its absurd & IMO, has moral ramifications. I dont mind the CEO of walmart is wealthy. I do mind that his workers cannot make a living & need public services just to survive. something is not right about that. The minimum wage is not keeping up with the times.
but neither party has even a whiff of teddy roosevelt in them. So thats where we are. a wealthy class that has recovered & a middle class that has not.
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Well, that's actually what I was trying to say, but you spelled it out better.
Bottom line: Businesses are in the business of making money. That's what they're supposed to do after all. It's the role of government - not business - to look out for the country as a whole and to make course corrections as needed.
The United States is presently in the process of losing a large portion of it's middle class and that's deadly. Anyone who can't see the ramifications of such need only look at what's going on in Ukraine today to see where that road eventually leads.