Folks, first if all - it's important to recognize that the globalized marketplace is just a reflection of the same capitalist principles that conservatives champion: it's economic resources of rich people flowing to their highest-return use. The rich guys get a higher return by optimizing their operations across the globe and they are rational profit-maximizing players in a competitive environment; hence, they do it. Fundamentally, the markets are doing exactly what they should in capitalistic theory. The only change is that now technology and economic conditions in foreign lands have improved to a point where globalized markets are possible. This is capitalism on a global scale... oh, and
now you don't like it anymore?
Second of all, you continue to hear this rhetoric about how taxes are bad; how government shouldn't intervene in the markets; how we shouldn't "redistribute the wealth."
Well, guess what - blocking off the US from the rest of the global markets and introducing tariffs IS government intervention, and tariffs ARE a tax, and those taxes WILL redistribute wealth. This is Economics 101. All of us will be paying a higher price for various goods, and the beneficiaries will be the employees in the select few sectors who are granted government protection; they will have a higher income than they would have otherwise had (of course, there will be some counterbalancing impact from the fact that consumption of those goods will also decrease; not to mention the trade war that kicks off when the foreign countries set up their own tariffs on US goods). Especially if luxury goods for upper-income people are targeted (which is what politicians usually try to do for obvious reasons), it's ultimately a redistributive tax from rich people to poorer people.
And you're all still against those higher minimum wages?
Are you sure you're not "socialists?" I thought the mantra was to let the rich people keep more of their money because it's good for all of us?...
I'm not saying that government intervention in the markets or wealth redistribution per se is bad, just that it's worth pointing out the deep irony here in people who on one hand want to play the Defenders of Capitalism card and on the other hand now want the government to step in and redistribute wealth. Eek - "socialism!"
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