Economics 101 and the bullshit of the austerity: the only people who have benefitted from austerity are the 1 percent by having their jobs safe, their investments continued growing and their taxes were kept low. Do you really think this is the way to keep the economy growing? If yes, you’d be wrong. The longer the austerity last, the less money there is in the pockets of the 99 percent who are most likely to spend the money.
There are other players in the game of economics, which is just like the game of Monopoly? The game does not get started until all the players have money, but as the game goes on someone will end up with all the money, the 1 percent. Then the game is over, just like an economy that becomes stagnant.
To start a new game you must do what? Yes, put the money back in the hands of the players. One way we should have done this was to take advantage of a once in a generation opportunity to repair roads, bridges, air ports, water lines, electrical grids, gas piping and the internet. The government could have done this by borrowing when money was cheap. This is what we should have done, but the public was fed bullshit by the GOP that we needed to tighten our belts just like our households had to do. This is like apples and oranges. The belt tightening only works if the household has a job and the only way for there to be jobs is if the economy is working and money is flowing. That’s what makes it work.
At this time, the 1 percent feels good about their position, but if you are watching the Stock Market and the reports of some of the corporations, like Wal-Mart or Macy’s, there seems to be a leak in the dike of the 1 percent so the free ride the 1 percent has been enjoying on the austerity wagon might be over, and just maybe they’ll be smart enough to hope for this as well.
There is still time for a large stimulus, which could even save the 1 percent, but if we don’t do something this time 100 percent will go down. Remember, it is all a game of Monopoly and to play everyone has to have money to play because we’ve become a consumption economy now.
In 2012 more than a quarter of all political contributions came from just 30,000 people who represented the 1 percent of the 1 percent, 90 percent who spent the most won. Today, we are an experiment in either a democracy, which started in 1787 or an oligarchy, which is winning. The nonunion people, like Trump and Musk, have most all the tools in their pockets to destroy our unions. They have money, they have the courts, they have law enforcement, they have the media, and 50 percent of workers that don’t know this don’t know the history of the working class people. This is the perfect storm to lose all the gains workers have made whether they’re union or not, even our Social Security and Medicare, and the Affordable Care Act. So, now we will have to go way back to the late 1920s and ‘30s and dig up the old labor party books. One book, written in 1964, has the information, The Rebel Voices, an IWW Anthology by Joyce L. Kornbluh, educator, activist, and advocate. The history of our labor...
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