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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums7 biggest economic Lies - Robert Reich
This needs to be shared far and wide!
underpants
(182,739 posts)smirkymonkey
(63,221 posts)Thanks for posting this!
The2ndWheel
(7,947 posts)Taxes used to be higher, but America was also one of the few games in town. White men used to have all kinds of jobs and make all kinds of money. Could buy a house, a car, a college tuition for the kids, take vacations, all on one salary. Then the world opened up, and white men, like any given individual, is needed far less than they've ever been needed. Supply and demand, just like anything else. There are a lot of people that can do whatever job anywhere. Unless you've lucked out, or have a rare skill, you don't matter, because you're just like anyone else.
Another lie would be that we can have economic growth, and an environment for all the life on this planet. Well we can, but within a certain context. We'd have to give up a lot. Not just change what source of energy we use, because we were altering environments when we hunted with sharp sticks and picked a seed or two. I mean physically stop doing a lot of the things that we do. Especially the things that our technology enables us to do. Flying, traveling at 55mphs, etc. Human beings can't actually do any of that.
Of course none of that will happen, and those trying to make economic points will also continue to use the statistics that best make their point, because that's what human beings do. We want the best of every world, without the downside of any of them, but we still exist in physical reality, and so we're sort of screwed when it comes to our abstract human wishes and wants.
lindysalsagal
(20,648 posts)hifiguy
(33,688 posts)Ha-Joon Chang's 23 Things They Don't Tell You About Capitalism. Chang is a professor at Cambridge (the UK one).
I can personally vouch for this excellent book and there's a fine review that summarizes Prof. Chang's points at http://www.huffingtonpost.com/ian-fletcher/a-review-of-ha-joon-chang_b_840417.html