let's start with the scorecard from the big game:
Let's dig into the world of workers and the world of stockholders ... as the above article indicates, over the last 50 years or so, one group has been losing and the other group has been winning ...
Workers usually are highly dependent on their jobs ... and their families are highly dependent on the income from those jobs as well ... if a worker is terminated or a company moves out of the country, it can take years to find another job or replace that lost income ... mobility from one job to the next is often very difficult to achieve ... viewed another way, the worker is in a relatively weak bargaining position ... even well organized powerful unions have had to make substantial concessions because the deck is stacked against them ...
and who benefits? stockholders ... a stockholder does not have the same kind of dependency on a company ... with a quick phonecall to a broker, or a few mouse clicks online, the change from one company to another can be made in seconds ...
when large company managements choose their business strategies, which group do they cater to and what strategies do they choose? if you are a worker, you want to see your company emphasize long-term stability and long-term growth; if you are a stockholder, pressure for instant returns is much greater ... a bad quarter or two and you can just start clicking your mouse ... unlike small businesses, where there is often a personal relationship between owners and workers, stockholders and employees often don't have any relationship at all ... stockholders have no investment in what happens to American workers; they only have an investment in their own wealth ...
what we've built in the US is an economic and political system of mega-corporations that enables our institutions to serve the interests of stockholders (see the scorecard above) at the expense of workers ...
what is the position of the Democratic Party in response to this situation? i hope someone more knowledgeable than I am can clearly articulate in real specifics exactly how the Democratic Party plans to restore balance to the struggle between workers and their employers ...
I am not able to see how the Democratic Party really addresses the issue in any significant way ... I see numerous excellent programs proposed by Democrats but I see nothing that seeks to level the playing field ... a laundry list of wonky programs does not change the central paradigm or the inequitable balance of power ... and that's what this really is all about - it's about who holds the power ... the scorecard above tells you the answer to that one ...
Democratic programs like raising the minimum wage, the Family Medical Leave Act, increased OSHA regulations to protect workers, and I'm sure a long list of other very necessary programs deserve our full support and Democrats should be commended for proposing them ...
But scorecards measure the ultimate results and the results are not very impressive ... I worry that Democrats have become the party of bandaid solutions ... I worry that Democrats, while supportive of workers, are failing us in this area ... It's all about THE BIG PICTURE ... it's all about the underlying ECONOMIC PHILOSOPHY ... it's all about making a real difference and reversing the SCORE OF THE BIG GAME ...
we're losing and we're losing badly ... what exactly do Democrats plan to do about it? I await your clear and specific explanations ...