Donald Trump: The Raw and Naked Face of a System That Showers Speculators with Obscene Riches

Donald Trump: The Raw and Naked Face of a System That Showers Specu...

"According to an IBS report, the Forbes list of the top 400 American billionaires hold more wealth than the bottom 61% of the nation combined."

Obscene riches have not always been the case, former economic theory led to better outcomes for both people who built their wealth on "unearned income" i.e. stocks, bonds, investments, while wage workers earned their money by salaries. That shift began about 40 years ago when there was a change in economic theory. That change now includes both the Republican and Democratic parties. The lowest income inequality occurred during the years 1945-1980, the years after WW II when labor unions were strong, wages were high, building highways, houses, and all the things that we could not have before 1945. By 1980 the safety net began to tatter, health care, education, and cost of living rose. 

If we continue following that raw and naked path, the widening gap expands exponentially until we have property owner/serf economic reality.  

There have been several scholars pointing this out to us for 40 years, and I became aware of it about 25 years ago when I bought my first computer. I used raw data and discovered the trend lines. I then started to look for people who saw the same pattern lines. I began to follow them. They make sense to me. 

It doesn't matter if we have a Republican or a Democrat in the Executive, Legislative, and Judicial, branches of government, almost all follow the old theory. That method creates income inequality and instability.

Remember Milton Friedman, the man who talked about free markets (free markets do not exist), a level playing field (level playing fields do not exist), the invisible hand (invisible hand does not exist). 

Trump is just the last, I hope, of the "free market school of thought, The general public should now be aware that system does not work the way some would say it would work. Indeed capitalism creates great wealth, over time it creates great poverty, i.e. 1929. 

The people I started following, comparing and contrasting the two systems and it very quickly became obvious to me that it didn't matter whether Republican or Democrat, they both operated under the same economic theory that reveals itself to be a systems problem, the creator of wealth/poverty.   

The first thing I noticed was the gap between productivity and wages. The production of good and services continued on an upward curve while wages stayed flat, for 40 years.  Why?

Keen

See part 2 for the people who began to realize the problem with "free market economy"', they started , they look for the cause of the widening gap that continues through to today. Those individuals recognize the problem, they seek to define it in clear terms that the average citizen can understand. They seek remedies to make needed systemic changes. The two problems, 1) instability, and 2) inequality, require significant adjustments for everyone. 

Get ready for a wild ride. 

Trump is a symptom of a flawed economic system. We will go down with him, or people will see that he is merely a symptom, and we need to make some fundamental changes. Our economic system will go down, whether Trump, Clinton, or anyone else of that school of economics thinking wins the election. 

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Free markets don'e exist because the government (i.e Repubs and Dems) in preventing it.

Government can't milk a free market, government can't control it, can't hand out favors in the form of corporate welfare (industrial tax protections as well as 'green' handouts). And it's a lot harder to control and tax the citizens if they can freely trade.

Speculation is not your big problem, there would be ZERO factory or many other types of jobs without speculators.

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