ext_48561 (![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png)
bord-du-rasoir.livejournal.com) wrote in ![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png)
talkpolitics2010-04-20 05:34 am
bord-du-rasoir.livejournal.com) wrote in talkpolitics2010-04-20 05:34 am
Entry tags:
Conservatism or Corporatism?
What accounts for the spikes in these graphs? Conservative (free market) policy or corporatist (government intervention) policy?
Why'd average Wall St. bonus pay recently quadruple average annual salaries? Why'd the financial sector recently triple the nonfinancial sector? Why'd the highest incomes recently increase 36 times faster than median family income?
Provide concrete explanations as to how X (policy) caused Y (economic indicator). Point to specific legislation or executive orders.
The liberal position is predictable: The unprecedented extreme growth in the financial sector and increased inequality is bad. Free market policy (deregulation of banks --> derivatives market expansion --> collapse) is to blame.
I'm more interested in the conservative position: How do you explain the unprecedented growth in the financial sector and the increased income inequality? What're the causes? Is corporatism (government interventionism) responsible? If so, how? Do you draw a connection between the above figures and the financial collapse?
I honestly don't understand the conservative position.
Why'd average Wall St. bonus pay recently quadruple average annual salaries? Why'd the financial sector recently triple the nonfinancial sector? Why'd the highest incomes recently increase 36 times faster than median family income?
Provide concrete explanations as to how X (policy) caused Y (economic indicator). Point to specific legislation or executive orders.
The liberal position is predictable: The unprecedented extreme growth in the financial sector and increased inequality is bad. Free market policy (deregulation of banks --> derivatives market expansion --> collapse) is to blame.
I'm more interested in the conservative position: How do you explain the unprecedented growth in the financial sector and the increased income inequality? What're the causes? Is corporatism (government interventionism) responsible? If so, how? Do you draw a connection between the above figures and the financial collapse?
I honestly don't understand the conservative position.
no subject
We're in a nation where our forefathers risked their lives just to move from one state to another yet people today act as if the world will end if there is a change in their lifestyle.
no subject
Sorry, that wasn't nice. I do agree that changes in lifestyle are sometimes inevitable and crucial but shouldn't include things like having to live with pollution and living in poverty when employers can easily afford to pay better.