Neoliberal Asphyxiation

[polly7]

by Robert Hunziker / March 31st, 2016

Neoliberalism sucks the air out of the middle class, and it suffocates politicians.

Neoliberalism alters the wealth-creation processes whereby opportunity is shifted from the middle and lower classes to an exclusive avenue populated by the wealthy. This is accomplished by elected politicians who utilize trade pacts (NAFTA), and manipulate taxation law (“15% carried-interest” tax rate for people like Mitt Romney), and deregulate protective public interests like abandonment of the Glass Steagall Act, which prohibited commercial banks from market speculation, all in order to shift money from the pockets of the lower/middle to the upper class. The result is the rich get a lot richer, unbelievably richer, and everybody else gets really pissed off, signaling outright failure of this brand of capitalism; i.e., neoliberalism, to coexist within the precepts of a democratic republic.

It’s all about privatization and profit and deregulation whilst cutting average people off at the knees. It’s little wonder that people are casting votes of retribution. They’ve been had, turned upside down, sideways, and assailed from the rear. After a while, it hurts.

http://dissidentvoice.org/2016/03/neoliberal-asphyxiation/#more-62249

[Phlem]

1. K&R!!!!

And anyone paying attention that last few decades has witnessed this happen.

Excellent post!

This needs more visibility!

[polly7]

2. Absolutely ... and it is sucking the life out of millions all over the world. nt.

[haikugal]

3. Another great post polly7. K&R!

[Baobab]

4. Supply and demand - if you just go by supply and demand, it says wages should be tumbling

And neoliberal dogma believes that only the market should set wages and prices. The concept of a 'living wage' is anathema to neoliberal competition theory.

[Baobab]

5. they see education as giving poor people unrealistic expectations for the future.

nt