The best economic plan for the candidates is not the simplistic either/or top down/bottom up offerings. The hard fact remains that economic decision making rests at the top whether it be Wall Street or the Government, and as a rule by the former which can be driven either by the bottom line or by a sense of civic duty, or by a combination of both. For example, it was Henry Ford who decided to sacrifice or at least moderate the bottom line in the short-run by instituting the five dollar day for his workers and in the long-run greater productivity. It was Rockefeller who masterminded the universal distribution of oil and gas to the masses, making possible continuance of manufacturing millions of vehicles and converting home coal furnaces to oil, not to mention spreading massive spinoffs in the division of labor.
As a result in the public domain government played a huge rôle in constructing a sprawling infrastructure to accommodate astronomical mobility and changing lifestyles—and, yes, user, personal and corporate tax to pay for it all.
What today’s capital, labor and governance do not grasp is that there be an interdependency of the three to ensure stable dynamics to the share of wealth, productivity and law. The free market upsets this balance by squeezing the shares in capital’s favor and the only way to do this is to exploit labor and governance otherwise perceived as deterrents against the lopsided accumulation of wealth for and of itself to ensure capital’s longevity well into succeeding generations of plutocracy. The argument for this is that father knows best—capitalistic divinity—otherwise capital will inevitably be squandered by the uncouth of labor and governance. This is the great causation for outsourcing and free trade: the ability of capital to divide and conquer here at home by the outpouring of undeterred capital to underdeveloped countries of uneducated masses and authoritarian governments, the latter of which is compensated to carry out mafia-style oppression to keep the unawakened the slave mindset content with extremely limited supplies of lowlife.
And at home, excessive supply side forged cheaply from abroad triggers the greed of a consumer society by subsisting on borrowed funds, which only further the capital of the future generations chosen as the lords of capital who are positioned to perpetuate the great squeeze so that labor and government know their subordinate place in the scheme of wealth.
Copyright © 2008 Richard R. Kennedy All rights reserved. Revised: Sept 3, 2008.
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