07-09-2019, 08:28 PM
(07-09-2019, 02:01 PM)Warren Dew Wrote:(07-08-2019, 10:10 PM)Eric the Green Wrote: So what accounts for you having been brainwashed into trickle-down, free-market economics?
I wasn't. In fact, I used to think that stuff was voodoo economics and I voted for Anderson and against Reagan in 1980. I even wrote Reagan a letter saying "raise my taxes" in 200 point type.
Then the 1980s proved that supply side economics worked. And Bush then proved that his nonvoodoo economics didn't work.
With the evidence hitting me in the face, I accepted the truth that supply side free market economics was the best way to go.
Of course, to get free market economics, you have to do something about excessive concentration of wealth to the point of oligopoly. That's why I'm glad to see the Justice Department starting to probe today's tech oligopolists.
In other words, you don't know who brainwashed you into accepting this free market, supply side, Reaganomics trickle-down bullpucky and phony evidence, but you seem to know exactly who "brainwashed" those who can see beyond the propaganda and know for themselves how wrong it is.
The fact is that free market economics is always oligopoly. Oligarchy and wealth concentration is not only the inevitable result of free market economics, establishing that oligarchy is its purpose. That's indeed why the Justice Department is needed to act as a countervailing influence on the free market. You have lurched uncontrollably into a little bit of truth, despite yourself. There really is no free market without some government regulation in the mix.