Quote: (11-09-2015 12:11 PM)Zelcorpion Wrote:
The US was highly restrictive, tariffs up until the 1960s/70s were very high, markets were highly restricted, wages were high and unions were very strong. All this illusionary idea that unfettered markets and open borders will produce a super-utopia have never been confirmed in reality - all despite the fact that there have been libartarian economic models in place in history.
Even some corporate guys understand this. Prior to all the deregulation in the U.S., Lee Iacocca, CEO of Chrysler, warned in the early 80's that wanton deregulation combined with funding the military at the expense of protecting other industry would dismantle the middle class:
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"It was the middle class that made this country great in the first place. Take away America's $8-to-$12-dollar-an-hour industrial jobs and you undercut the country. If we don't watch out, I'm afraid we're going to find ourselves armed to the teeth-- and with nothing left to defend but drive-in banks, video arcades, and McDonald's hamburger stands."
He said this in the early eighties. Does any part of it seem familiar? How do you keep wages up without unions? How do you keep good jobs in the country without legislation?
I wish libertarianism would work, but sometimes it seems like a fake concept cooked up by the elite to gull naive idealists.
“The greatest burden a child must bear is the unlived life of its parents.”
Carl Jung