Difference between revisions of "How Plutocratic Policy Has Changed The United States Since 1950"
From Critiques Of Libertarianism
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== What Is Wrong With Plutocratic Policy Making == | == What Is Wrong With Plutocratic Policy Making == | ||
== What Has Changed === | == What Has Changed === | ||
| + | === Reduction In Earnings For The Lower And Middle Classes === | ||
=== Transfer Of Risk To The Middle Class=== | === Transfer Of Risk To The Middle Class=== | ||
=== Shackling Students With Enormous Loans === | === Shackling Students With Enormous Loans === | ||
| + | === Huge Increase In Medical And Drug Costs === | ||
=== Requiring Two Earners To Produce The Median Family Income === | === Requiring Two Earners To Produce The Median Family Income === | ||
=== Industry Concentration Into Oligopoly And Monopoly === | === Industry Concentration Into Oligopoly And Monopoly === | ||
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The '60s saw some incredible progressive legislation that gave legal aid to the poor: not just for defense in criminal cases, but also for lawsuits in the interests of the poor against governments and the wealthy. This has been rolled back. | The '60s saw some incredible progressive legislation that gave legal aid to the poor: not just for defense in criminal cases, but also for lawsuits in the interests of the poor against governments and the wealthy. This has been rolled back. | ||
| − | [[Arbitration]] has been promoted as a more economical alternative to lawsuits. But in practice, corporations force workers into arbitration, often with clauses prohibiting appeal to the justice system. Usually with arbitrators selected by and paid for by the corporations. When corporations disagree with each other, they do not head for arbitration: they head for the courts. But that's too good for their workers. | + | [[Arbitration]] has been promoted as a more economical alternative to lawsuits. But in practice, corporations force workers and customers into arbitration, often with clauses prohibiting appeal to the justice system. Usually with arbitrators selected by and paid for by the corporations. When corporations disagree with each other, they do not head for arbitration: they head for the courts. But that's too good for their workers and customers. |
=== Corporate Privilege === | === Corporate Privilege === | ||
| + | * Different bankuptcy law | ||
| + | * Different tax law | ||
| + | * Power advantage of large, wealthy corporations | ||
* Which bankers went to jail over the Great Recession? | * Which bankers went to jail over the Great Recession? | ||
* Which bankers went to jail over the enormous frauds in securitization of the mortgage industry and subsequent foreclosures? | * Which bankers went to jail over the enormous frauds in securitization of the mortgage industry and subsequent foreclosures? | ||
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== What They Are Trying To Change Now == | == What They Are Trying To Change Now == | ||
=== Education === | === Education === | ||
| + | == Solutions == | ||
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