Sunday, December 16, 2018

Hiding In Plain Sight

Who Really Knows How To Fix Our Economy?
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1. This article in Vox suggests that support is growing for a return to FDR's constraints on corporations.

2. Changing how corporations are run would mean they'd pay higher wages to employees, support greener policies, and cut back on greedy behavior in general.

3. Middle-class families would have more income, while the super-rich would take a hit.

4. In short, our country would begin to heal.

5. The possible presidential candidate behind this legislation is hoping to return Capitalism to a fairer footing, rather than upend it in favor of something else.

And who is the force behind what may be our best path forward?  Senator Elizabeth Warren.

* The recent down-grading of her candidacy by various news organizations may involve the super-rich realizing what she is advocating, and starting a 'whisper' campaign against her.
* An ongoing kerfuffle over our president calling Warren "Pocahontas" caused her to release a DNA study that showed she did, in fact, have Native American ancestry.  This happened just before she stood for election--a reasonable transparency that brought out the nay-sayers.  Read the revealing details here (nay-sayers) and here (fact-checker with relevant revelation)--in short, she almost certainly has Native American ancestry (probably a grandparent's mother or grandmother), and no, she didn't try to use that fact to advance her interests.
* I haven't yet seen her in a 'live' setting (TV), so will withhold judgement beyond acknowledging her being right on this primary issue.

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Kevin Drum at Mother Jones has a question: "Why Not Just Powerful Unions Instead?"  And here is a comment found in response to that post that sums up the best answer:

"wetzel
Unions are a wedge that divides the middle class. The problem isn't between 'workers' and 'management'. The problem is between the priority of stockholders and everybody in society, workers and management included. The goal is to create a form of corporate personhood where a broader perspective on the costs and benefits of decision-making is required by the charter. I think a less antagonistic relationship between workers and management regarding unionization would be a natural corollary."




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