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View Diary: Krugman: “Wealth Over Work” (75 comments)

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  •  Betty, I agree, more or less. However....... (1+ / 0-)
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    politically, it ain't gonna happen.

    I think it makes more political sense to, at this time, simply demand either/or a basic income for all and/or a guaranteed jobs program.

    How to pay for it?

    Like anything else gets paid for:  By having the fed gov mark up the appropriate accounts by making key stroke entries on a key board.

    In other words, it seems to me that the most important thing people can do right now is to realize that money is nothing but an accounting entry, and the fact that corps don't pay taxes doesn't mean the fed gov can't make those accounting entries to take care of the rest of us.

    •  Politically, anything is possible (9+ / 0-)

      And nothing will happen unless we (and DC Dems) keep trying.

      Again, this is another area of opportunity for Executive Orders directed to the federal procurement and grantmaking process.  Require federal contractors and grantees to source labor, raw materials, equipment, finished goods, etc. from US producers, particularly where its essential to national safety and security.  

      Require pharma companies who benefit from Medicaid and Medicare to source drugs and medical supplies from US producers.  Require highway and other infrastructure construction and maintenance contractors to purchase steel, parts, (including transformers) etc.  from domestic producers. Schools, hospitals, enterprise zones - anyone who receives federal funding should be required to source labor, equipment, etc. domestically.

      Sure, they may need a few waivers, but keep it strict.  Phase it in gradually, but quickly.

      It would be the first step in proving domestic labor and manufacturing don't harm corporate profits.

      BTW, I made this suggestion in 2009, when DC Dems were putting together the economic stimulus package.  Imagine how much better our economy would be if Obama had issued those Exec Orders then.

      Money is property, not speech. Overturn Citizens United.

      by Betty Pinson on Mon Mar 24, 2014 at 08:37:53 AM PDT

      [ Parent ]

      •  The expected Democratic nominee in 2016 has (7+ / 0-)

        already stated in a speech to Goldman-Sachs that banker bashing was "unproductive and indeed foolish."

        We have to face the fact that ever since Jimmy Carter, the Neoliberal Democrats have owned the Executive branch.

        If Hillary Clinton wins the presidency in 2016, there will be some reforms along the edges, but the screw job on the middle class by the 1 percent will continue just a little slower.

        "The working class mind is strange and unpredictable" -- Ty Lookwell

        by Illinibeatle on Mon Mar 24, 2014 at 09:33:10 AM PDT

        [ Parent ]

        •  And Just Imagine to the Poor... (0+ / 0-)

          This government has stated repeatedly it is for the middle class. I did not expect that to mean throw the poor under the bus but it has. Just look at the Affordable Care Act: it provides no coverage, no subsidies or any form of assistance to those at or below poverty. After reading this excellent article I am starting to think that that was also not by mistake, but as a way to get rid of that excess population. Just like squeezing poor children into enlisting and going to war since they will not be permitted into the labor force. I guess with more mechanization and robots it will only get worse.

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