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In Reply to: RE: The Middle Class--so good for our Baby Boomers-- was a construction of Unions. Middle Classes don't exist in a posted by jdaniel@jps.net on December 18, 2014 at 18:54:54
Looks like you're getting your wish with the decline of unions and concentration of wealth in an ever shrinking percentage. Or perhaps you mean a "truly Free Market" isn't such a good thing?
Follow Ups:
Don't tell anyone, but yes: if anyone in the Middle Class longs for the return of a truly free market, they don't know their history.
The first half of the book, "Flags of our Fathers" provides an excellent thumbnail sketch of working life in America in the '30s/'40's before Unions and Gov't investment.
It's just bizarre to me that the generation that benefited the most from Socialism...thinks they "built it themselves."
popularity: he went after the Robber Barons. Note what they were called. Not "great entrepreneurs." They weren't venerated, genuflected to like the wealthy are today.
Fact is, there is NO such thing as laissez-faire. Railroad, shipping, oil, real estate--- pretty much all the areas of the greatest of wealth accumulation in early America were the result of government "interference" in the economy. Left to its own, of course, a group of competitive people would accomplish nothing. Only a government can instill order, rules, and allow for a fairer game. It wasn't the government that demanded to increase banking rules: it was the banks themselves that were collapsing left-and-right years ago.
... Your prose is a great over simplification of what actually happened but I can't disagree with the principle element of your comments.
Smile
Sox
Please pass my humble recommendation along to the boys at Green Door, except don't tell the creepy ex-alcoholic.
The final stage of a truly free market economy is called feudalism.
All the middle class people who are in favour of a free market are essentially cutting off the economic branch they themselves are sitting on.
d
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