A nice thumbnail sketch.
Tructor:
"Yes, Piketty's book is important, but as your wife could clearly see, it states what the left have known since 1974: that the rich elite have been working the system to their advantage.
When you say, "It would be even more damaging if they used their economic power to ensure macroeconomic policies that favored them at the expense of the rest of us". I am baffled. Isn't that what they have been doing all along, and more so in the past 20 years of "off-shoring", robotics, mergers, etc, that have shrunk labor's share of productivity gains? Not to mention the past 6 years of "TARP", "QE 2, 3 & 4's", that have grossly bailed out banks & financial firms, rewarded the top 1% with $$ Billions at the expense of labor, home-owners, retirees and savers.
During this period, Democrats have focused on peripheral issues set up by the right wing: gay rights, feminism, affirmative action, abortion, etc -- all Red-Herrings, important sub-issues, but not the main agenda: fair share of economic growth and GNP. Democrats have been marginalized in "defense" of what is already in the Constitution and recent legislation...
The real mystery is How & Why the working classes support all manner of right-wing propaganda and issues directly against their self-interest!
Piketty has done us all a great service by revealing again why the "emperors" have no clothes."
Piketty wants globalized fairness, the unit of measure for the greatest good for the greatest numbers.
No comments:
Post a Comment