Decades of fragile capitalism screwed us. Now we’re struggling to survive.
Most people don’t realize the US has been commercialized and privatized to death in history. There were many points in US history where businesses thrived, services and goods were affordable, and wages were good. But corporate greed and politics intervened and created profit schemes which removed affordability.
Education, housing, and healthcare used to be fairly affordable, often free or subsidized by the 80% corporate taxes, but, as you know, today corporations pay less than 22% tax, and almost all costs are born by consumers. Businesses used to be able to afford their own costs of doing business, pay reasonable wages, and still profit.
But then politics and the wealthy made their move and created Wall Street, shareholders, fractional banking, the Federal Reserve, and quantitative easing. This influenced government and created endless corruption and privatization. It even lowered corporate taxes from 91% down to as low as 22%. It also shifted profits away from reinvestment and developed huge trust funds and offshore holdings.
With less taxes, the government struggled to continue funding safety net programs, stopped maintaining infrastructure, reduced involvement in social services, and allowed politics to use congress as a tool to help corporate interests. The…
