Jobs, Income Crisis As Government Captured By Interests

[Donnachaidh]

http://www.truth-out.org/jobs-income-crisis-as-government-captured-by-interests67462?utm_source=twitterfeed&utm_medium=twitter

Earlier in Jobs Crisis In Real World ... Just Not In DC I wrote about the gap between DC/Wall Street thinking about the jobs crisis and reality in the rest of the country. Summary: Our government is not addressing out problems because it is captured by interests:

Out here in the real world the real problem is not "structural," it is that there just are not enough jobs, they don't pay enough, "free trade" deals have lowered wages and undermined our manufacturing base, there is not enough demand in the economy and the government is not doing its job of picking up the slack and after 30 years of tax-cutting the infrastructure is crumbling and not supporting competitiveness for our businesses.

There are millions of unemployed and millions of infrastructure jobs that need doing. There is a new green energy and manufacturing revolution going on in the world and we do not have an economic/industrial policy to capture our share. There is problem after problem that is not being addressed by a government captured by interests.

Harold Meyerson writes today, in What's holding back the U.S. economy? that income has stagnated for everyone, while a few at the top are raking in tremendous amounts, because we have "lost power to our corporate and financial elites."

More at the link --

[xchrom]

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[OhioChick]

2. K&R n/t