Medicine For Our Economy ~ Aziz Anis
Industrialists, CEOs of businesses large and small and their subservient Republican economists are constantly lamenting the decrease of demand for their products and services. It is there standard excuse for not expanding and hiring more workers or for actually firing and reducing their work force in order to cut cost.
It is amazing that these supposedly savvy business leaders can’t realize or are intentionally ignoring and denying the fact that they and their decisions are the main and only reason for their major complaint, which is the lack of demand.
It is their one track mind and their greed in their constant pursuit of increasing their profit margin by cost cutting and only by cost cutting at the expense of their work force, no matter how large their profit margin is already, that is the short sighted, sociopathic sure path to the soaring income and wealth inequality and decimation of the middle class income and buying power that is the direct cause of declining demand.
Cutting reasonable paying jobs and hiring at increasingly lower and lower wages for the same jobs, outsourcing and offshoring manufacturing and service jobs to where salaries are a fraction of what a reasonable living wage should be in the United States drastically depletes the earning and consequently the buying power of the middle class which is practically the main fuel for our economy.
The economy should be thought of as a living breathing organism and money exchanging hands and spreading through it is the blood that runs through its arteries and veins delivering oxygen and nutrition to its every organ invigorating it and keeping it alive, thriving and growing.
The 1% or 2% super rich no matter how much they spend on their obscenely opulent living standard cannot possible contribute anymore than a thimbleful of that precious blood to its total volume that keeps the economy alive and well.
Moreover, hoarding their unimaginably huge profits in overseas accounts and paying an insignificant fraction of their fair share of taxes further depletes our economy from its precious blood. Add to that, all the austerity measures and cuts to the entitlement programs that only benefit the hurting disenfranchised present day middle class by the Republicans while obstructing any measure of tax increase on the super wealthy, as a treatment for our ailing economy only adds insult to injury.
It is analogous to medieval medicine which treated every ailing, anemic, sickly patient by bleeding them or attaching leeches to them to suck their blood and it needs no intelligence to realize what the results for such measures were.
Republicans are our present day medieval physicians and the 1% super rich so called industrialists are the leeches sucking the life out of our economy.
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