Sometimes articles are so exasperating there is no sense in even attempting a response, but usually these don’t appear in the Wall Street Journal. Selection from Thomas Frank:
What has overtaken America’s working people is not a natural disaster like “globalization,” and not even some kind of societal atavism in which countries regress mysteriously to their 19th-century selves. This is a man-made catastrophe, a result that proceeded directly from the deliberate beatdown of organized labor and the wrecking of the liberal state.
It is, in other words, a political disaster, with tax cuts, trade agreements, deregulatory measures, and enforcement decisions all finely crafted to benefit one part of society and leave the rest behind. Few of the voters who gave Ronald Reagan his landslide victories, it is fair to say, intended for this to be the outcome. They wanted their country to stand tall again, certainly; they wanted the scary regulators off their backs, maybe; but I can recall no conservative who trumpeted those long-ago elections - or any of the succeeding contests, for that matter - as a referendum on plutocracy.
So let us have one now. Instead of pleasant talk about “change” and feats of beer drinking at the corner tavern, let us hear our candidates address this greatest issue of them all: What kind of country are we to be? A land of equality? Or a bankers’ utopia - where the law of the land has achieved mystical oneness with the higher law of classical economics, and devil take the bottom 80%.
So far as I can tell, the calamity discussed here owes entirely to the one statistic he thinks proves his case: the real hourly wages in the US for most workers has risen only 1% since 1979, where as the richest 20% of the country made more than the rest of the country combined. But perhaps we should consider how much less wages would have risen had the rich not permitted to become so, or maybe this is due not to the merciful loss of union’s grip on the economy but rather to such forces as inflation. And as for the supposed dismantling of the interventionist state and the “tax cuts” and de-regulation, well, I guess people are just happy to make up the reality that they want to see.
It’s true that the government policy is configured to help the rich and powerful of course but it is hard to see how putting government even more in charge of our economic lives is going to fix that.
