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An Economy That Benefits Ordinary People? What We Learned From The 1 Percent (Demo)

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On January 1, 2014, George Goehl and Bree Carlson write on Nation Of Change:

National People’s Action members recognize that to reverse the economic and political conditions that are crushing American families, we need a long-term strategy. We believe that if we let the challenging circumstances of now lower our expectations of what’s possible, we’ve already lost. Instead, we have decided to completely reimagine what is possible.

We started by dissecting the agenda of the corporate elites that produced what we call the 1 percent economy. The economic and political reality of today is not accidental. Corporate CEOs, think tanks, and political operatives created the 1% economy. Their strategy was to expand the focus of corporate America from simply amassing profit to aggregating power. They organized individual companies and families into a corporate infrastructure, working to build power to advance their agenda. Over the course of decades, they have gained control of our political process, government, and media and used them to shape an economy that serves their interests at the expense of the American people.

We started by dissecting the agenda of the corporate elites that produced what we call the 1% economy. The economic and political reality of today is not accidental. Corporate CEOs, think tanks, and political operatives created the 1% economy. Their strategy was to expand the focus of corporate America from simply amassing profit to aggregating power. They organized individual companies and families into a corporate infrastructure, working to build power to advance their agenda. Over the course of decades, they have gained control of our political process, government, and media and used them to shape an economy that serves their interests at the expense of the American people.

The agenda goals of the National People’s Action movement fit well within the scope of the Agenda of The Just Third Way Movement at http://foreconomicjustice.org/?p=5797. The emphasis on the systemic injustices of monopoly capitalism can only be addressed by comprehensive reforms to the tax, monetary and inheritance policies favoring the top 1 percent at the expense of the 99 percent. The current system perpetuates budget deficits and unsustainable government debt, underutilized workers, a lack of financing for financing advanced energy and green technologies, and outsourcing of U.S. industrial jobs to low-wage countries, trade deficits, shrinking consumption incomes among the poor and middle class, and conventional methods for financing productive growth that increase the ownership and power gaps between the top 1 percent and the 90 percent whose combined ownership accumulations are already less than the elite whose money power is widely known as the source of political corruption and the breakdown of political democracy.

The unworkability of the traditional market economy is evidenced by the diverse and growing deficits––federal budget deficit, trade deficit, city, county and state budget deficits––which are making it increasingly impossible for governments at every level to function. The increasing deficit burden is the result of the growing numbers of people who cannot earn, from legitimate participation in production, enough income to support themselves and their families. Thus government is obliged to “redistribute” to starve off economic collapse. The key means of redistribution is taxation––taking from the legitimate producers and giving to the non- or under-producers––to make up the economy’s ever wider income and purchasing power shortfalls.

The fact is that political democracy is impossible without economic democracy. Those who control money control the laws that foster wage slavery, welfare slavery, debt slavery and charity slavery. These laws can and should be changed by the 99 percent and those among the 1 percent who are committed to a just and economically classless market economy, true equality of opportunity, and a level playing field in the future for 100 percent of Americans. By adopting economic policies and programs that acknowledge every citizen’s right to become a capital worker as well as a labor worker, the result will be an end to perpetual labor servitude and the liberation of people from progressive increments of subsistence toil and compulsive poverty as the 99 percent benefits from the rewards of productive capital-sourced income.

Support Monetary Justice at http://capitalhomestead.org/page/monetary-justice and the Capital Homestead Act at http://www.cesj.org/homestead/index.htm and http://www.cesj.org/homestead/summary-cha.htm.

http://www.nationofchange.org/economy-benefits-ordinary-people-what-we-learned-1-1388593114

 

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