Why We Must Upend Pre-Distributions to the Rich

[Uncle Joe]

(snip)

Intellectual property rights — patents, trademarks, and copyrights — have been enlarged and extended, for example, creating windfalls for pharmaceutical companies.

Americans now pay the highest pharmaceutical costs of any advanced nation.

At the same time, antitrust laws have been relaxed for corporations with significant market power, such as big food companies, cable companies facing little or no broadband competition, big airlines, and the largest Wall Street banks.

As a result, Americans pay more for broadband Internet, food, airline tickets and banking services than the citizens of any other advanced nation.

Bankruptcy laws have been loosened for large corporations — airlines, automobile manufacturers, even casino magnates like Donald Trump — allowing them to leave workers and communities stranded.

But bankruptcy has not been extended to homeowners burdened by mortgage debt or to graduates laden with student debt. Their debts won’t be forgiven.

(snip)

The answer to this problem is not found in economics. It is found in politics. Ultimately, the trend toward widening inequality in America, as elsewhere, can be reversed only if the vast majority join together to demand fundamental change.

The most important political competition over the next decades will not be between the right and left, or between Republicans and Democrats. It will be between a majority of Americans who have been losing ground, and an economic elite that refuses to recognize or respond to its growing distress.

http://billmoyers.com/2015/09/29/why-we-must-upend-pre-distributions-to-the-rich/

There is more on the link.

[FreakinDJ]

1. only if the vast majority join together to demand fundamental change.

[Uncle Joe]

2. Agreed, FreakinDJ and I believe that's in the process of taking place.

[appalachiablue]

3. K & R. As always Bill Moyers lays out the heart of the issue & the course of action to take.

What a great American.