The Defining Issue: Not Governments Size, but Who Its For

Robert Reich The Defining Issue: Not Governments Size, but Who Its For.

How Much are Workers to Blame for Income Inequality? – The Curious Capitalist – TIME.com

For a given country, do more people benefit from less free trade or more free trade.  In other words, are most people better off overall if they are shielded from wage competition with countries who have very low pay structures and much lower standards of living? Or due more benefit from wide-open free trade?

Another way to look at this would be: are you better off making $40 an hour and paying more for goods/services produced locally, or better off making $20 an hour and buying cheap imported goods.   I think it might just be the case that we’d be better off keeping our salaries and consumer dollars local, even with higher prices for goods/services.

via How Much are Workers to Blame for Income Inequality? – The Curious Capitalist – TIME.com.

Raise Taxes on Rich to Reward True Job Creators: Nick Hanauer – Bloomberg

let’s remember that capitalists without customers are out of business.

via Raise Taxes on Rich to Reward True Job Creators: Nick Hanauer – Bloomberg.

Robert Reich (The Rebirth of Social Darwinism)

“Social Darwinism … allowed John D. Rockefeller, for example, to claim the fortune he accumulated through his giant Standard Oil Trust was “merely a survival of the fittest.” It was, he insisted “the working out of a law of nature and of God.”

Robert Reich (The Rebirth of Social Darwinism).