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Changed America
Sarah Palin’s squawking [and let's pray to the Almighty that she becomes the Republican 2012 nominee] aside, writers like Paul Craig Roberts at CounterPunch have been warning for years the offshore-the-jobs, screw-the-workers’ policies are devastating.
Dingbats like Sarah Palin screech U.S.A., but do not think the sentiment ought include the American working class.
A couple of not-altogether pleasant reads explain why the jobless future in the offing is not a good thing. See by Don Peck’ How a New Jobless Era Will Transform Americaand Ismael Hossein-Zadeh’s The Retrogression: New Phase, Not Just Another Recession.
Writes Hossein-Zadeh:
Historical evidence shows, however, that more than anything else the Keynesian or New Deal reforms were a product of the pressure from the people. Economic policy-making is not independent of politics and/or policy-makers who are, in turn, not independent of the financial interests they are supposed to discipline or regulate. Stabilization, restructuring or regulatory policies are often subtle products of the balance of social forces, or outcome of the class struggle. Policies of economic restructuring in response to major crises can benefit the masses only if there is compelling pressure from the grassroots. In the absence of an overwhelming pressure from below (similar to that of the 1930s), Keynesian or New Deal economic reforms could remain a (fondly-remembered) one-time experience in the history of economic reforms.
Short URL: http://www.veteranstoday.com/?p=15318
Posted by Yanira Farray on Feb 13 2010, Filed under Economy. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.
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