2016 Postmortem
In reply to the discussion: Sanders is willing to sacrifice growth for the sake of redistribution. [View all]Fawke Em
(11,366 posts)First of all, Sanders doesn't seem to indicate that the economy won't grow.
What he says is "growth for the sake of growth" isn't helping the working and middle classes. Right now, it's only helping the top 1 or 2 percent.
Economically, lifting all boats will grow the economy. It's a fact. We stopped learning that lesson when we moved from a demand model to the supply-side economic model during the Reagan years. Trickle-down, supply-side or "screw the worker" economics has always been voodoo (ask Poppy Bush), so restructuring the growth models will, initially, challenge conventional wisdom.
Sanders knows this.
He knows the vindictiveness of the very upper class. He knows they'll do anything to try and prove that a demand model - one where the worker has the means to cause more production - doesn't work, even if that means slightly hurting themselves in the short term (not hiring, not expanding, etc.) We saw them do it during the Great Recession because they wanted to punish the Obama Administration and all those who voted for it.
The economy may, as a result, shrink overall while they play games to suck in the last of their dying air, but that can't last.
I don't disagree with what these economists say, overall, but what they are forgetting is how dirty and entrenched these top earners and large corporations play when even the slightest sliver of their pie might not make it onto their plates.
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