Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
7 biggest economic Lies - Robert Reich (Original Post) Bubzer Jan 2016 OP
Cool underpants Jan 2016 #1
Bravo! smirkymonkey Jan 2016 #2
Like anything, economics exist within cerrain contexts The2ndWheel Jan 2016 #3
Robert for president! lindysalsagal Jan 2016 #4
There's a great book along these lines hifiguy Jan 2016 #5

The2ndWheel

(7,947 posts)
3. Like anything, economics exist within cerrain contexts
Wed Jan 20, 2016, 07:38 PM
Jan 2016

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.

 

hifiguy

(33,688 posts)
5. There's a great book along these lines
Wed Jan 20, 2016, 10:25 PM
Jan 2016

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

Latest Discussions»General Discussion»7 biggest economic Lies -...