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But this neglects the fact that stock prices track corporate profits.
Wrong. This is how it is suppose to work but it is not how it has been working. Stock prices track the governments involvement in propping up the markets.
And 2013 was a banner year for profits.
It isn't because the companies are creating more items. It's because stock prices are way up. Stock prices are way up because the government is artificially inflating the markets.
They made their big bucks mostly by reducing their costs — especially their biggest single cost: wages.
Wages in no way reflect the increased profits. Wages are not falling. They are not keeping up with inflation but that is different.
Some might say this doesn’t really amount to a “redistribution” as we normally define that term, because government isn’t redistributing anything. By this view, the declining wages, higher profits, and the surging bull market simply reflect the workings of the free market.
Sorry, I can not read any further. Things like QE have absolutely nothing to do with free markets. Nothing. It's actually counter to a free market. In a free market when things go bad, they go bad and you accept the consequences, the government doesn't step in and make it all "better".
Seems like you'll twist and dodge and evade all manner of reason, to protect the egoistic avarice you prefer from righteous moral repudiation. So panicked it seems you were to see such a strong repudiation of what you favor that you didn't even realize that the article was written by Robert Reich, not Bill Moyers.
Now let's watch you go into contortions and fits to rush to spew vitriolic hatred toward Reich, in a lame attempt to distract attention from strong perspectives you don't like, written by reasonable people who simply care about others more than you feel is appropriate.
lol all the wealth in this country goes down, from the producers to the free loaders. Moyers is so leftwing he is trying to aruge the opposite although it makes no sense.
lol all the wealth in this country goes down, from the producers to the free loaders. Moyers is so leftwing he is trying to aruge the opposite although it makes no sense.
All the wealth in this country goes down? Not a fan of economics?
Seems like you'll twist and dodge and evade all manner of reason, to protect the egoistic avarice you prefer from righteous moral repudiation. So panicked it seems you were to see such a strong repudiation of what you favor that you didn't even realize that the article was written by Robert Reich, not Bill Moyers.
Now let's watch you go into contortions and fits to rush to spew vitriolic hatred toward Reich, in a lame attempt to distract attention from strong perspectives you don't like, written by reasonable people who simply care about others more than you feel is appropriate.
Caring is swell. It's doesn't solve anything when you get the problems wrong. I had hoped Moyer wouldn't be as politically myopic as Reich.
You didn't actually address anything I said.
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