Another “Capitalism in Crisis” article

Capitalism in Crisis: The Code That Forms a Bar to Harmony

Financial Times

My comment:

I see nothing here that convinces me that anyone is willing to halt the corporate takeover of civil society. If it were true that cutting taxes created jobs, we should be rolling in them by now.

In the USA, marginal rates have come down from their 91% high during the Eisenhower administration to 35% now for earned income. For capital gains the rates are even lower.

An efficient market can never exist. Government policies inevitably and always redistribute income.  Those of us in the 99% see clearly that incomes have redistributed upward to ridiculous levels. No one can justify paying CEOs millions of dollars a year for eliminating jobs and concocting nefarious schemes for avoiding their obligation to society. Privatization is nothing more or less than the systematic looting of the public goods our parents and grandparents paid for with their tax dollars.

We are mad as hell and we aren’t going to take it any more.

This entry was posted in Economics 101, Evil Capitalism101. Bookmark the permalink.

Comments are closed.