The right-wing political philosophy involves stimulating business activity by deregulation, financial incentives, tax cuts, and union bashing.
This, they say, will create jobs and lead to prosperity.
And this does happen to some extent. It creates jobs but the prosperity generated is for the few.
The problem is that it creates huge disparity between rich and poor as businesses pursue greater profits and force wages down.
It also lowers the quality of life for the majority as corporations pressure governments to cut welfare and social programs.
And now we are seeing corporations pushing to sue governments if they pass laws causing them to lose profits.
So now we are powerless.
Photo Credit: marcoverch Flickr via Compfight cc
No comments:
Post a Comment