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So rewatching that Bruenig Ingraham segment from the other night something that caught my attention the 2nd time around was how Ingraham tried to frame the debate in her monologue lead up
Using a famous clip of Milton Friedman "schooling' Phil Donahue on the virtues of greed. Arguing Greed is good self interest is good and part of our makeup as human beings.
This is a classic trap, and instead of accepting his frame the left should agree greed is natural and that they too pursue their self interest, the difference is between irresponsible short term risk taking and long term responsible stability.
Wanting a better healthcare system, wanting lower hospital bill's, pharmaceutical drug costs, wanting lower education costs, wanting more opportunities to be available without taking on more debt can be argued as "greedy"
It's also more stabile for a country's population to have more freedom to pursue their interests with zero fears of a hospital emergency or falling into debt traps.
Too much of the conversation around the economy of late has been on how great the market looks, how low unemployment is, but what's being ignored is the quality of the jobs being offered,many coming from the ind contractor variety that have fewer benefits than regular employees.
Another thing going ignored is the amount of private debt we're ignoring. Household debt is higher now than any time before 2007, credit debt is also reaching record highs as is student loan debt.
We have a healthcare system which is the leading cause of people filing for bankruptcy, how can anyone honestly argue this is fine and sustainable?
The tax cut that passed last year was argued in a number ways but the biggest one was that it would free up employers to pay their workers more, ie raise their wages, which would absolutely be a positive, as it's something that really hasn't happened for 30 years.
Nearly 9 months in,instead we're seeing most of the investment going to buying back stock shares to inflate and goose up their stock price, meaning the benefits are only trickling down to shareholders and exec salaries.
Furthering the inequality gaps between the poor, working, and ever decreasing middle class and the top. It's not just hippy egalitarianism, this kind of divide is dangerous and further promotes instability.
The happy go lucky times are ignoring all of this "growth" is being built on debt, what happens when it comes time to collect and there's nothing there? What happens to the small businesses, the retail stores,housing market?
It's not a matter of greed it's a matter of stability, competition, social mobility, vs short term instability, closed off monopoly, and oligarchy.
