This is part of what I was getting at. I agree 100%. It is really pissing me off that I have to pay taxes so Walmart can screw over their employees and make billions off of it.
True capitalism ends with Wal Mart owning everything. Is that what we want? You have to have regulations.
Also, aren't we the largest consumer in the world? Why don't we leverage that power more? Why are we cowtailing (gameface, did I use that right? ha ha) to every other country all while losing jobs to other countries? Why don't we just create an import tax big enough to convince Apple/Nike/etc to bring manufacturing jobs back?
Because Ayn Rand worshipping conservatives have hijacked the entire GOP and have greatly influenced the Democrats. Neither political party has an economic policy that makes any sense. Both have completely abandoned what made us great from the early 1900s until the late 70s. Both parties completely ignore the economic policy that protects workers, domestic companies (especially small businesses), and necessary regulations which most other successful industrial democracies have. We are literally a shadow of what we once were. I encourage all of you to google the "Gilded Age." We have entered a new one. And it's going to take a new progressive era to fix it.
That's not an endorsement of revolution or socialism. But it is an endorsement of citizens becoming active, protesting the abomination we have as an economy right now, and fixing the inequality gap. It's goin to take probably about 20-30 years to fix it (as long as it took for it to be wrecked). Since 08, just look at how the top percent has made off like bandits.
That's not a healthy economy. In fact, it's exactly the trend for a country headed to disaster. We have the wealth distribution of a 3rd world country. And the puzzling thing about it is hardly anyone seems to notice it.
Germany is one of the most pro "free market" economies out there and there's no way in hell they'd stand for bank bailouts of 800 billion dollars, enter a recession, and then work their asses off only to see 1 percent benefit.
Not even Hoover or Coolidge, some of thee most conservative pro free market presidents we had in the past century could recognize what we are today. In many ways, we are far more "free market" friendly than we were 100 years ago.
Behold, a new gilded age! Where your job is to work for pennies and die! People are commodities! Sacrifice yourselves, for your omnipotent CEO masters!
Capitalism is great. But it needs to be regulated and protected. Otherwise, it will eat itself.
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