Conservatism or Corporatism?

[bord-du-rasoir.livejournal.com]

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.

Comments

[wyrrlen.livejournal.com]

(laughs) Oh gosh, I referenced the Green Party advert. I don't disagree with that part of the post though, obviously.

[green-man-2010.livejournal.com]

that's ok, I forgive you :)

But yes, It is true that even in the west, we get more social stability, we get less crime and less mental illness when people are more equal and the extreme poverty gets ironed out.

Go see the link on the end of my last OP...