Posted on 10/05/2015 7:34:20 AM PDT by Citizen Zed
Reich argues that the major problem with the market of today is not that the government has intruded too much, as Republicans generally contend, but that the laws and regulations necessary for a market are tilted in the favor of wealthy individuals and corporations who can buy influence in the political world, rather than average people, i.e “the many,” who cannot. In other words, the free market vs. government debate is largely a pointless distraction from what should be the real debate: Does the market and the rules that establish it work for everyone, or just the few at top who are wealthy enough to shape those rules?
In the United States, the latter seems to be the case. One of the many examples of our unfair economy that Reich points to is America’s bankruptcy laws, which favor wealthy individuals like, erm, Donald Trump, over poor debt-ridden students or homeowners raising a family. As Reich writes of the housing crisis, “The real burden of Wall Street’s near meltdown fell on homeowners… Yet 13 of the bankruptcy code (whose drafting was largely the work of the financial industry) prevents homeowners from declaring bankruptcy on mortgage loans for their primary residence.” As for student loans, filing bankruptcy is quite difficult in the United States, as they are treated differently from other forms of unsecured debt, e.g. medical bills, credit card debt, personal loans, etc.
(Excerpt) Read more at salon.com ...
Short sawed-off pipsqueaks who have to stand on soap boxes behind a podium whose only value in life was a college buddy of the two-d!ck billy goat WJC masquerading as a learned expert on anything is what is “poisoning” our world.
Another step towards Obama’s Dream , World Government
Is it time, yet?
Uh, not excusing Pubbies (GOPe), but wasn't most of this corrupt crony crapitalist stuff foisted on us by the Dems? Dodd-Frank et al.
Guess he forgot that PelosiCare made it virtually impossible to discharge medical debt via bankruptcy.
But I do have to wonder - many of these politicians are paid for by unions; surely they are working hard to fix these problems - err, except wasn't it under democrats that both these changes took place?
A twisted dwarf who has been wrong most of his life?
And we should pay attention to his opinion because...?
I met Lil Robby back in the 1970’s when he lived in Scam Francrisco...he was a rube then and appears to be a bigger rube today
“tilted in the favor of wealthy individuals and corporations who can buy influence in the political world”
So quite obviously the problem is a not free market. And people pay attention to him?!
Personally, and this is my own warped opinion of WJC and those that surrounded him - I think Reich’s value to WJC was that he was in a unique low elevation position to scout out which coeds around the college didn’t wear their underwear. He then reported to Slick on the prospects of all the loose girls on campus. THAT earned him his future career in which he could spout all sorts of nonsense.
My personal opinion, and no one can change it.
Sounds like he wants to bring about the Fourth Reich...
He’s confusing the free market with crony capitalism to argue for yet more government intrusion into our lives.
Because Keynesian economics theory have worked so well in the rest of the world?
Reich is just another ivy league educated Marxist who believes life emanates from the central government. Take away his money and make him go out and find a job will change his attitude.
I wish that dwarf would go back to Munchkinland.
Ok, will these gawdam communists just die of painful pancreatic cancer?
Maybe Conor Lynch should study grammar rules more before he writes articles about economics.
He is a capitalist when it comes to him. His estimated net worth is $4 million as of 2012. All of it from taxpayers.
The evil Free Market has not been appropriately leveraged out of existence by the leftist ideologues that have created an unmitigated disaster of regulations and laws that are largely benefiting their wealthy marxist benefactors!
We better make more laws and regulations! That’ll fix it!
Liberalism is truly a mental disorder!
does he realize WE DONT HAVE A FREE MARKET... OR CAPITALISM
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.