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Post By
Late Great Donald Blake 
Moderator

Member Since: Sat May 17, 2008
Posts: 7,517
In Reply To
zvelf

Member Since: Sat May 17, 2008
Subj: It's controvertible if you know anything about political economy.
Posted: Wed May 11, 2022 at 10:18:43 pm EDT (Viewed 117 times)
Reply Subj: Re: Except I didn't say anything about them doing well for the working class
Posted: Wed May 11, 2022 at 09:36:56 pm EDT (Viewed 133 times)

Previous Post

But that the economy improved under them for people in general is incontrovertible.


First I'll remind you that the working class represents an easy majority in the country, so I'm not sure how things could be bad for them but somehow how good for "people in general."

And the idea that the Democrats have improved the economy is highly controvertible because for starters, the economy isn't just like a monolithic thing that treats all people the same way. If someone says the economy is good you should be critical and ask for whom is the economy good? Using metrics like unemployment, the stock market, asset prices, GDP, can set certain parameters for workers, but they by no means correlate to abundance for workers. All of these metrics can be soaring while real wages fall steadily. Not to mention the growing debts on the median house hould as well as the falling rates of access to sources of intergenerational wealth, i.e. assets like homeownership. As a matter of fact this is more or less what's been happening sense the 70s. The economy continues to grow and along with it grows inequality and precarity for more and more American families.

But let's look at some specifics. What economic policy of the Clinton's do you believe improved the lives of workers? Do you believe free trade agreements like NAFTA helped workers? Do you think people in the rust belt think that?


cheers,
---the late great Donald Blake


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