I couldn't dragsiee with you more Mr. Keiger. Average Americans don't know about crony capitalism nor do they understand it's mechanism and affects. While crony capitalism is repulsive, it only accounts for an insignificant portion of the wealth generation in the US. It is my belief that upward mobility of the lower classes has been stalled by globilization and it's resulting impact of wage stagnation. This has been interpreted as the wealthy exploiting the poor while it is actually a matter of over supply depressing wages. Instead of working on a solution to this problem to determine how the US can regain technical leadership (green energy and neutering NASA have been shown to be negative contributors) and the associated wealth it will provide, the Obama administration has chosen the divisive path of promoting class envy to maintain political power. The fact that confiscating all the wealth and redistributing it will have a negligible effect on the living standard of the average person is completely ignored. In addition, the wealth creation machine is destroyed in the process.
by Horacio 03:09:49 PM 2012.08.30 |