RE: Trump Administration
Why are you surprised that lad clings to demand side and cites H. Ford as a demigod? Funny thing is, that while ol' Henry supported that, it is fundamentally debatable that ol' Henry's policies actually had any effect en toto.
The last two big scale excursions into demand side taxation policy were anemic at best, and pathetic in one instance.
The grand experiment of the Keynesians and demand side in the 30's produced bupkus after literally over a decade of implementation.
The 'grand experiment' in '08 of the Keynesian and demand side produced *some* growth (lucky for that, since one should hope for anything positive after that ebb tide), but gave rise to the idea that no way in hell would the nation ever experience more than 2.5 per cent growth, and that low 1 per cent growth was the new high norm. That was baked into the fabric of the expectation promulgated there. Funny how that orgasmic high point was blown out just with the hint of turning back the Keynesian/demand side.
But even after those two pretty terrible showings, that wing (which by the way kind of absolutely and utterly ignores the characterization of demand promulgated by the stalwarts and linchpins of post WW2 economic bedrock thought like David Ricardo and de Blay, for some) clings to the limited ideal of H. Ford as the ultimate proof positive of demand side.
But adherence to demand side like Super Glue by the progressives in the modern political realm is fundamentally tied to the antipathy of the progressive movement to the notion of 'fairness' and the vilification of for-profit to the great extent in lieu of collectivist thought.
And, demand side fits like Cinderella's glass slipper to the other hard pillar of progressive politics -- the politics of victim classes and class warfare. Cant have a good case for class division without a good villian, right? And the ideal of the corporate entity and pooling of capital is the absolute ideal for the progressive wedge in that regard. Nothing works the vicitimization card without some object of envy, right? And nothing fits the political stance of maintaining those divisions better in the economic world than the supposed 'total awesomeness' of demand side economics, even when the two best experiments are busts *and* the best ideal for them is the statement from someone that cant even have been shown to significantly impact the gross economic picture with that limited test bed.
I mean, just from the last tranche of debates there is a decent sampling and denigration of the profit motive:
Elizabeth Warren
So we've had an industrial policy in the United States for decades now, and it's basically been let giant corporations do whatever they want to do. Giant corporations have exactly one loyalty, and that is to profits. And if they can save a nickel by moving a job to Mexico or to Asia or to Canada, they're going to do it.
Cory Booker
Health care—it's not just a human right, it should be an American right. And I believe the best way to get there is Medicare for All. But I have an urgency about this. When I am president of the United States, I'm not going to wait. We have to do the things immediately that are going to provide better care. And on this debate, I'm sorry. There are too many people profiteering off of the pain of people in America, from pharmaceutical companies to insurers.
Elizabeth Warren
The insurance companies last year alone sucked $23 billion in profits out of the health care system, $23 billion. And that doesn't count the money that was paid to executives, the money that was spent lobbying Washington. We have a giant industry that wants our health care system to stay the way it is, because it's not working for families, but it's sure as heck working for them.
Cory Booker
I have been to some of the largest private prisons, which are repugnant to me that people are profiting off incarceration, and their immigration lockups.
Kirsten Gillibrand
The debate we're having in our party right now is confusing, because the truth is there's a big difference between capitalism on the one hand and greed on the other. And so all the things that we're trying to change is when companies care more about profits when they do about people.
Kirsten Gillibrand
I believe we need to get to universal health care as a right and not a privilege to single payer. The quickest way you get there is you create competition with the insurers. God bless the insurers, if they want to compete, they can certainly try, but they've never put people over their profits, and I doubt they ever will.
Bernie Sanders
Let's be clear. Let us be very clear. The function of health care today from the insurance and drug company perspective is not to provide quality care to all in a cost-effective way. The function of the health care system today is to make billions in profits for the insurance companies.
Bernie Sanders
We will have Medicare for all when tens of millions of people are prepared to stand up and tell the insurance companies and the drug companies that their day is gone, that health care is a human right, not something to make huge profits off of.
Kirsten Gillibrand
But the worst thing President Trump has done is he's diverted the funds away from cross-border terrorism, cross-border human trafficking, drug trafficking, and gun trafficking, and he's given that money to the for-profit prisons. I would not be spending money in for-profit prisons to lock up children and asylum-seekers.
(This post was last modified: 06-29-2019 10:27 AM by tanqtonic.)
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