This article has a very interesting quote.
“Once corporations discovered it was cheaper to lobby than to compete and innovate, the game as over. It was permanently rigged. I was having a drink with a lobbyist for the financial industry who looked me in the eye and said, “If America had any fucking idea what we do to them, they’d burn this fucking city to the ground and kill every one of us.”
What is fascinating is that he mimics a conservative favorite:
”Once people discover that they can vote themselves money from the Treasury, we are finished”…or words to that effect.
Bottom line: it is American capitalism through it’s oligarchical goals and actions that is bringing our nation to its knees. And the GOP through Trump, is greasing the skids.
So long as the Obama economy continued its trajectory of growth and hiring, (although the growth was sliding down in most quarters after the tax cut) Trump could boast of his economic genius. Unfortunately, a crisis emerged and the administration was exposed for the fraud it was.
“In America, hard work and talent should be rewarded, but let’s not pretend that in the past 40 years everyone in the top hundredth of a point got that much more brilliant and productive. Let’s not pretend that bail-outs and stock buy backs and venal corporatism entrenched by $3.47 billion in annual lobbying is a “free market.” Let’s not pretend that the people engineering mergers and acquisitions were doing so to enhance the competition necessary for capitalism to thrive.”
This is the swamp, folks. And Trump is just the political alligator keeping the waters murky and the flora impenetrable. Just different names.
Trashing free market capitalism is not necessary. But reigning in its political power is. That and modern era social safety nets for a secure, healthy, productive and educated workforce.