Thom Hartmann's latest book, SCREWED - THE UNDECLARED WAR AGAINST THE MIDDLE CLASS, AND WHAT WE CAN DO ABOUT IT, tells how the Neo-Conservatives have been systematically attacking and dismantling the Democrats' New Deal/Great Society socio-economic structure in the United States.
To me, the main theme of the book is that Democracy requires a strong and healthy middle class in order to function properly, and that this is impossible without responsible Public regulation of business. This regulation was gradually accomplished by the United States Government during the time between the passage of the Sherman Anti-Trust Act (1890) and the beginning of Ronald Reagan's first term as President (1981), at which time the Neo-Conservative process of "Deregulation" began, and continues up till now, attempting to reverse all the earlier progress.
If they are not regulated, profit-seeking corporations will naturally and inevitably seek to maximize their own profits, above all other considerations. (That is their main purpose, to make profits. What else would they do?) But the so-called "Free Market," where unregulated profit-seeking corporations are responsible only to their owners and not to a higher Public authority, leads inevitably to social and economic disaster.
When Adam Smith's "Invisible Hand" - as described in WEALTH OF NATIONS (1776) - and David Ricardo's "Iron Law Of Wages" (1817), are applied to unregulated industrial Capitalism, the disastrous results are accurately described by Karl Marx in DAS KAPITAL (1867): poverty and exploitation of the masses; cartels, monopolies, and extreme concentration of wealth among the corporate owners; violent social upheavals; perpetual wars. This is what we were beginning to have here in the USA in the late 1800's, but the process was stopped by the Sherman Anti-Trust Act (1890) and subsequent Progressive and Democratic legislation to regulate business in the Public Interest.
In this book, Hartmann identifies many of the various ideas and policies which the Neo-Conservatives have been using to enrich and empower the economic elite, while weakening and diminishing America's Middle Class and endangering the entire country. Among these Neo-Conservative ideas and policies are . . .
* "Trickle-Down Economics" - the idea that if the rich grew suddenly richer, they would use that money to build factories and hire more people. Yes, that's what they frequently do. And when they do that, they perpetuate and increase their economic advantage over those less wealthy, who could have started their own businesses if they had any money left over after buying the necessities of life.Throughout the book, Hartmann supports his assertions with a blizzard of factoids, held together by a quick-moving narrative, spiced with timely historical quotations from Thomas Jefferson, Tom Paine, and various other worthy thinkers. I found this method of presentation to be exciting and invigorating, but not totally satisfying. The top Neo-Conservative commentators use this very same method, but with different factoids and quotations to support their very different conclusions.* The policy of maintaining abnormally low interest rates, to artificially pump up the economy by increasing borrowing and debt.
* The policy of huge deficit spending and increasing our balance-of-payments debt to other countries, because of trade deficits.
* The policy of trying to privatize everything that has been Public. Thus Public property becomes Private Property, and the Private owner owns it, controls it, and profits by it. The Public loses all rights to it. Roads, bridges, schools, prisons, airports, hospitals, and other Public facilities become Private Property, owned and run for the profit of their Corporate owners.
* The policy of deregulating everything that has been regulated. This allows businesses to ignore safety and environmental regulations, enacted for the Public benefit. And it allows the largest and most powerful corporations to swallow up their smaller and weaker competitors. The result is that a few large corporations wind up owning almost all of every important industry; and then they run it however they choose, with no oversight by the Public. In the case of Media Conglomerates, it allows them to publish and broadcast whatever the owners choose; and the owners always choose to broadcast and publish whatever seems to best protect their political interests and yield the greatest profits. Public be damned!
* The policy of attacking and weakening Public Education, so as to justify privatization of the Public Schools and to eliminate teachers unions.
* The policy of opposing estate taxes, so as to perpetuate and increase the power of inherited wealth vs. "earning it yourself." Suppose one person begins life with a ten-million-dollar nestegg which he inherits. Another person has no such inherited wealth. They are both equally talented, equally capable. Which one do you think will be the owner and which one will be the employee? (A traditional football cheer of the Harvard fans when their opponents score a touchdown: "That's all right; that's okay; you're gonna work for us some day.")
* The policy of opposing or reducing progressive income taxes, while pushing for flat-rate taxation. This allows the rich to get richer, because as their income rises, they get to keep most of the ever-increasing excess of their income over the amounts needed for normal life. So they then buy profit-making assets and begin to make a profit from the labor of others, thus further perpetuating and increasing their economic advantage over the less wealthy.
* The idea that, "I earned this money myself. It all belongs to me. I don't owe anything to anybody. Taxation is robbery." This is a basic Neo-Conservative idea. It ignores the reality that profit-making businesses can only exit within a pre-existing framework of laws, courts, infrastructure, and national defense. Nobody earns anything "all by himself." Taxation is the means by which profit-making businesses pay their way in our society.
* Seeking and promoting perpetual war. This keeps the Public in fear, and keeps the Defense contractors humming profitably, at Public expense.
* And many others . . .
Even so, Hartmann's book covers a lot of territory in an interesting and compelling manner. I hope that other writers will build on his work and provide additional depth and legitimacy to the important points he has clearly identified in this book.
Hartmann ends his book with an urgent call to action: "We are fighting a war in America for the very heart and soul of our country. But it's a war we can do something about. Don't let yourself be screwed. Speak up, fight back, and never, never yield."
WE HAVE THE LEGITIMATE AUTHORITY AND THE RESPONSIBILITY
MP3 Reading At
http://www.loveallpeople.org/legitimateauthority.mp3
(Public Domain)
Every American receives a legitimate inheritance, handed down by those who lived and died here before us; and that inheritance is our Government, as set forth by our Constitution. This Constitution gives to each American the exact same rights and protections it gives to every other American, including an equal share in the power of Government.
The American People of an earlier time created this Government, and they clearly announced its purposes and objectives . . .
"We the People of the United States, in Order
to form a more perfect Union, establish Justice, insure
domestic Tranquility, provide for the common
defence, promote the general Welfare, and secure
the Blessings of Liberty to ourselves and our
Posterity, do ordain and establish this Constitution
for the United States of America."
- Preamble to the United States Constitution
And we, the American People today, are the "Posterity" mentioned above
by the
Founders. We have now inherited the authority and responsibility
to maintain this Government according to the specifications established
by the Constitution. This authority does not belong to any King or any
Upper Class, or
Nobility, or Corporations, or Religious Authorities, or Rich People, or
Well-Educated People, or
Elected Politicians or any other special person or group.
The American People are the sovereign power. We are self-governing. Acting through our Government, under the Constitution, we can make or modify any or all of the rules by which our economy and our country operate. We make the laws; and we can unmake them. We create the corporations; and we can un-create them. We have allowed some people to accumulate disproportionate wealth and power; and we can disallow it. We even have the power to change the Constitution, following the procedures set forth in the Constitution for its own amendment. Our Government is a Democracy; it is ours. And it belongs equally to all of us.
I hope and pray that We The People will be strong enough, and smart enough, and diligent enough to take back this wonderful gift we have inherited, and not let it be soiled and corrupted any further by this misguided band of Neo-Conservatives who think it now belongs to them alone.
Blessings to you. May God help us all.
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Rev. Bill McGinnis, Director - LoveAllPeople.org
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