[–] novictim [S] ago (edited ago)
You nailed it!
"old business practices need to come back first" -> Not going to happen unless mandated by Government via various mechanisms: Tariffs, Earnings caps, Capital controls/Wealth Sharing schemes.
"How do you enable consumption? You pay people more." --> Bingo. But why and how and don't forget Capitalism and the Market.
"You do not look good in the stock market operating this way" --> Which means that you have trouble keeping up with your competitors in a grow or die dynamic.
"However when ..." Yet we are where we are.
"Its how we ran the the 50's to the 70's our most prosperous years." --> Absolutely correct.
"There is no reason we can't get back there." Not quite. Arrayed against this are all the FreeTrade cultists and Oligarchs who don't know what is good for them in the long run.
"When we have the situation setup the way it is it only leads to monopolies. " --> Correct. Monopoly is always the end product of unregulated Capitalism. And that is why Oligarchs don't want regulation and want TTP/NAFTA/GATT/WTO control.
"This stifles an economy. "--> And that is what we are seeing with the inability to "recover" from the last recession. We are in a break point or Max aggregate Consumerism leading now to a decline.
Consumption = Production. It is an equilibrium. When we lose sight of this then we cannot understand the problems we inevitably face with unregulated capitalism. Those problems ALWAYS manifest no matter what unless rules and regulation are imposed that serve to drive wealth from the Owners to the Worker-Consumers.
Before anything can be fixed, the public first has to grasp that the simple problem with capitalism is that it eats itself. It will destroy the Golden Goose of Consumerism any time it is left to its own devices.
[–] [deleted] 0 points 1 point 1 point (+1|-0) ago
[–] novictim [S] ago (edited ago)
I agree with your sentiment but we both must accept that behind all of the bad governance is a corrupt, money driven campaign finance system. Before any of our wishes come to pass, that nut must be cracked.
Bernie 2016!