CrisisTheory

The Pivot Point Will Likely Be Election-Based

You will note, of course, that " more regulation, higher taxes, bigger government, less free trade and more unions" were exactly what set the stage for the long post-WWII boom in the united states. Please take a look at aggregate profit, growth and wage rates from 1945-1968 (liberal period of dominance) and compare those with 1980-presetn (period of conservative dominance).

Apparantly socialism for the middle class works a lot better for the WHOLE ECONOMY that the socialism for the rich of conservatives which HOLLOWS OUT the economy through government transfers to the elite.

Corporate welfare, speical tax treatment, government union-busting so the workers never get a fair share of the wealth they were equally responsible for creating.... all this does is manufacture an oversupply & distorted (luxury) supply situation. Too bad some investors are so deluded they act against their OWN INTERESTS by constantly attacking those whose predominant income is from WAGES, who are actually the basis of the whole of the economy, and thus aggregate profit rates.

Who will buy all the products if american workers are back on the true "free market" of 6 day work weeks, child labor, "The Jungle" like working conditions and Chinese (if not Colombian) wage rates !?

Ironically, it is the interventionists from FDR to Bernake/Paulson who save the "goose that laid the golden egg" of capitslism from its ostensible, purist, ideological proponents.