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Analyzing our present economy:
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| By: Robert Bruce Clipper |
May 27, 2009 |
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Dear fellow Americans: This letter is a comprehensive analysis of our present situation with our economy, where it is headed and the causes and effects that we should understand with exposition of false presumptions. I made an analysis of bank regulation suggesting new rules (red tape) last year when no such law existed and this year everybody, including bankers, agree and new laws have been written.
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Social organizations: unions, charities, consumer protection organizations, even regulation of medical providers with new efficient management, are not socialism. Socialism and communism are from the government with top-down legal control, not from grass root democracy. Rational control of commerce, industry and even medical providers with appropriate laws and economical management are not the same as socialism. Many countries in Europe have managed economic systems, including health care, which are rational and positive, providing services they would otherwise not have at all. Large profit from some sectors of our economy are counterproductive. When you start having profit as a motive for every sector of an economy with unlimited turnover of contracts in banking and lavish use of pills and examinations to increase medical profit, things can get out of hand. This is what has happened with new legal but worthless documents being sold on Wall Street and lavish uneconomical management of medical services for maximum profit destroying the economy.
Today we have allowed destructive concentration of wealth by top-down control through tax balance change. Under Clinton, with a small percentage difference in taxes that was not oppressive in any way, the economy worked well and produced surplus that might have paid off the national debt in a few years. This was unthinkable for the neocons, so Bush lowered taxes for the rich to increase profits and kept moving industry off shore to kill the unions. This new balance made a slow leak in the economy that, after eight years, resulted in the worst recession since the Great Depression.
The Republicans can do something positive for the country and reverse their super concentration of wealth with the rich. When there are many small companies in our country (by breaking up cartels) with healthy competition the jobs will return. Large cartels that can afford to produce in one country and sell worldwide do not help here. Top-down control by any government- fascism, communism, or capitalism- destroy competition and are antithetical to good economic growth. Super concentration of wealth kills competition and capitalism.
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©The Chetek Alert 2010
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