Posts Tagged ‘goods and services’

I’m having a tough time with something and I invite anyone to help me understand what’s going on with our economy.

We’ve got high unemployment and rampant under-employment; falling wages; an increasing concentration of wealth and power in fewer and fewer hands; a lack of career opportunities for recent graduates who are crushed under the weight of college loans that could follow them forever; an increase in poverty rates coupled with a decrease in socioeconomic and class mobility; tragically high incarceration rates; and, perhaps most startling, the unwillingness of our politicians to acknowledge what’s going on.

To look at it another way, the purpose of our economy is not to hire workers but to produce goods and services. In fact, if goods and services could be produced without any workers at all it would be just fine. No, it would be better than fine: it would be the best that capitalism has to offer.

But what would happen to all the workers who are no longer needed by the economy? What about their American dreams? Should they just go away or, better yet, die? And with this as a backdrop we hear an endless stream of bullshit flowing from Washington calling for reduced entitlements and a diminished social safety net. Really?

No, the American people need entitlements and they should start with our being entitled to political leaders who have the balls to tell it like it is. The system is broken.

So please, anyone, explain why better days are ahead and that I have it all wrong.