Thursday, October 9, 2008

Government has to intervene.

From a middle class perspective, we Americans aren't adjusting very well to the global economy. We're losing income. We're losing jobs. We're actually sinking. Deeper and deeper. Closer to just barely getting by. And that's due, in large part, to our government allowing the rich to get richer. At the expense of the lower and middle classes. The rich are allowed to move abroad with their businesses, to take advantage of cheaper labor. The result has been a loss of jobs in America. For instance, when I'm having computer problems, I call my provider for help. And someone with a strong foreign accent answers. Often, it's a guy or gal in India. That's where so many of the jobs have gone. That's been good for India. Because it's raising more and more people out of poverty and into a growing middle class. Just the opposite is happening in America. The middle class keeps shrinking. And the gap widens between the rich and the poor. So many nations that thrived economically before globalization aren't thriving any more. That is, unless you were rich to start with. Because you are likely to be getting even richer. You like globalization under the capitalist system. More opportunities to make more money, to become millionaires and billionaires. Well, this is where governments have to step in. To level the playing field. For the benefit of the lower and middle classes. To narrow the gap between the rich and the poor. It'll take more regulation. Maybe even the nationalization of some industries, such as banking and lending and health care. Yes, it's called socialism, long the bugaboo of capitalism. We need a new kind of society. One that puts more focus on the common good rather than on the individual good. Not everyone should have the right to make obscene profits. Because that exploits the masses, primarily the lower and middle classes. At least it does in America. If we leave the responsibility of serving the common good to private free enterprise capitalists -- believe me, it won't happen. Greed always wins under the capitalist system. So government has to intervene...and do the right thing. --Jim Broede

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