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Old 07-26-2015, 09:52 AM
 
Location: Planet Earth
2,776 posts, read 3,057,956 times
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After-tax middle-class incomes in Canada — substantially behind in 2000 — now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans.


http://www.nytimes.com/2014/04/23/up...002&abg=0&_r=1
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Old 07-26-2015, 10:01 AM
 
Location: Great State of Texas
86,052 posts, read 84,495,743 times
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Our race to the bottom started many decades ago.
Slow and incremental so that people don't notice until it's too late and there is no turing back.
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Old 07-26-2015, 10:03 AM
 
Location: Pacific Beach/San Diego
4,750 posts, read 3,567,817 times
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Quote:
Originally Posted by FlowerPower00 View Post
After-tax middle-class incomes in Canada — substantially behind in 2000 — now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans.


http://www.nytimes.com/2014/04/23/up...002&abg=0&_r=1
Some sites have been saying that that was the case for a couple of years now.
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Old 07-26-2015, 10:15 AM
 
Location: *
13,240 posts, read 4,927,027 times
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Quote:
Originally Posted by FlowerPower00 View Post
After-tax middle-class incomes in Canada — substantially behind in 2000 — now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans.


http://www.nytimes.com/2014/04/23/up...002&abg=0&_r=1
Interesting analysis in the article. I think this has been a trend since 1980s. Unfettered capitalism has a tendency to create these results.
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Old 07-26-2015, 10:21 AM
 
610 posts, read 699,331 times
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Quote:
Originally Posted by ChiGeekGuest View Post
Interesting analysis in the article. I think this has been a trend since 1980s. Unfettered capitalism has a tendency to create these results.
The US regulatory code is over 80,000 pages when printed. You're right... totally unfettered at all. Those 80,000 pages are all blank. Jesus Christ do I wish I was as smart as you.

You know that the big corporations are the ones that lobby the hardest for the most regulations, because they hate competition, right?
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Old 07-26-2015, 10:23 AM
 
Location: *
13,240 posts, read 4,927,027 times
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Quote:
Originally Posted by leavingIL View Post
The US regulatory code is over 80,000 pages when printed. You're right... totally unfettered at all. Those 80,000 pages are all blank. Jesus Christ do I wish I was as smart as you.

You know that the big corporations are the ones that lobby the hardest for the most regulations, because they hate competition, right?
Corporations are writing the regs.
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Old 07-26-2015, 10:25 AM
 
610 posts, read 699,331 times
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Quote:
Originally Posted by ChiGeekGuest View Post
Corporations are writing the regs.
That's exactly the point. That's not "unfettered capitalism." That is HIGHLY regulated corporatism, because corporations love regulations. If it were "unfettered," as in free, they would have to actually compete in the market, which they don't want to do.
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Old 07-26-2015, 10:25 AM
 
Location: Great State of Texas
86,052 posts, read 84,495,743 times
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Quote:
Originally Posted by ChiGeekGuest View Post
Interesting analysis in the article. I think this has been a trend since 1980s. Unfettered capitalism has a tendency to create these results.
More like unfettered globalism.
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Old 07-26-2015, 10:26 AM
 
610 posts, read 699,331 times
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Originally Posted by HappyTexan View Post
More like unfettered globalism.
Corporatism is a better word IMO, but yeah you're basically right on.
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Old 07-26-2015, 10:28 AM
 
610 posts, read 699,331 times
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Quote:
Originally Posted by ChiGeekGuest View Post
Corporations are writing the regs.
Why do you think corporations didn't throw a cent at Ron Paul in '08 and '12 when he actually ran on a platform of what amounted to near-total deregulation? If deregulation benefited them, he would have had the highest-funded campaign in world history.
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