19 Comments

It’s called “Demand-Side Capitalism”. It’s better than Trump’s supply-side $1 trillion income tax cut for corporations & super-rich.

Expand full comment

spot on Peter. GDP is real, but it ain't wealth

Expand full comment

One of the main focuses in my book "As America Crumbles..." that, by the way, Amazon forbids advertising because — I kid you not — the book includes "Content that revolves around highly debated social topics," that is the labyrinth of corruption and legalized theft, state-sanctioned propaganda, systemic criminality, while revealing the suppression of dissent and the erosion (even killing) of the First Amendment.

https://www.amazon.com/dp/B0CQR71WN3/

It is only going to get worse given the full-blown criminal state. I wrote that damn book, agonizing over 325 biographical entries, and am still both amazed, amused, and horrified over the open theft.

Expand full comment

The increase in GDP per dollar debt increase graph is superb. (It might be interesting to overlay a graph of energy return on energy invested over same period.)

Expand full comment

Billshit garbage crap. Lies lies lies. Burn in hell repuke

Expand full comment

I already feel like a tax slave, what are my poor grandkids going to feel like? Ugh.

Expand full comment

What's really funny about this article is if you look back at oh, lets say beginning at the Reagan years, Then Bush, Clinton, Obama, Trump, Biden, it's like Groundhog Day all over again.

Different Presidents , different parties, same squabbles, with the same results.

If it wasn't so sad it would be hilarious.

Expand full comment

28 Jan 24

This is an argument for doing what Finland has already done, only do it better. This is not an argument for destroying capitalism as an economy.

Unregulated American capitalism & corporations are criminal enterprises which legally “steal” (appropriate) the value of “things” produced by those who work to produce those ‘things’, i.e. products which capitalists & corporations sell at profit.

As long as humans need and want to ‘trade’ (sell) their labor or whatever they produce for wages, capitalism will continue to exist in some form.

But, capitalism can’t stay the same forever. Like all living things, It must evolve to stay alive.

This is an argument for doing what Finland has already done, only do it better.

The Finnish people persuaded their nation’s capitalists to sit down with them at the bargaining table, and negotiate a mutually benefiting agreement. The parties signed the agreement and are and implementing it.

The historic agreement is a revisioned Finnish capitalist economy, one which shares capitalism’s benefits with most if not all Finns instead of a few Finns.

Check it out: “Finland is a capitalist paradise” :

https://www.nytimes.com/2019/12/07/opinion/sunday/finland-socialism-capitalism.html

Expand full comment

Excellent article. This explains a lot how the economy is doing ‘great’ while everyone is struggling, except the wealthy/donor class. Soon everyone else will need to pay their ‘fair share’ with much higher taxes

Expand full comment

I remember when I first learned or noticed that GDP includes government spending and I immediately thought…that’s a scam!

Expand full comment

Infrastructure: How does it work

You may be an expert on Soviet propaganda, but you don't have a clue how infrastructure works in America, Boris.

Expand full comment

Thank you for clearing this up for me. I knew the mainstream numbers had to be missing something important. I am not a money person, but you explained it clearly for me.

Expand full comment