Robert Reich, the former Secretary of Labor has put together a short video as to how best “fix” the U.S. economy. It’s worth a watch.
Reich focuses on 5 points:
1. Economy doubles since 1980, but wages flat
2. All gains from the economy go to the super rich
3. With money comes political power
4. Huge budget deficits
5. Middle class divided
And in doing so, completely ignores what may be the real cause of all of the above.
Consider the alternative (opined) version:
1. Economy (increased money supply) doubles since 1980 as a result of taking U.S. dollar off of the gold standard. Wages no longer can be equated with “real” wealth.
2. All gains from the “play money” go to the super rich.
3. Politicians have lost the ability to discern the difference between “real” money (commodity based) and “play money” (fiat).
4. Politicians keep spending play money like it is real money.
5. Middle class gets screwed because they were/are -mostly- apathetic.
Your thoughts?
And if you’re wondering…
“The United States Secretary of Labor is the head of the Department of Labor who exercises control over the department and enforces and suggests laws involving unions, the workplace, and all other issues involving any form of business-person controversies”. – Wikipedia
Robert Reich is also an author. He’s written quite a few books including “Supercapitalism” and most recently “Aftershock: The Next Economy and America’s Future”.
Hilda Solis is the current U.S. Secretary of Labor.
June 23, 2011
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