President Obama, dogged by the bungled rollout of the Affordable Care Act and a slow economic recovery, is declaring war on inequality. An age-old problem made worse by his policies, he offers more opiates — like raising the minimum wage — that fail to address the root causes of vanishing opportunities and falling incomes for most Americans.
Market capitalism has proven a superior system to anything Old World socialists and American liberals can contrive. To the misfortune of utopians seeking both equality and prosperity, the system rewards intelligence and hard work and requires some inequality to accomplish prosperity.
Globalization, promoted through free trade agreements by presidents since Kennedy, has opened vast markets and increased the incomes of the most talented and industrious Americans, while subjecting more ordinary citizens to more intense competition from workers in Asia and elsewhere.
Sadly, foreign markets for what many Americans make remain largely closed. GM boasts some of the best-selling cars in China, but high tariffs and regulations keep out U.S.-made vehicles. That denies ordinary workers good-paying jobs.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
3 comments:
is is just about impossible for republicans to win any election when the corrupt democrats control everything even the voting.
As long as the Republicans take their marching orders from the religious right they will continue to shrink in votes.
Republicans have some very good ideas that are lost by the social issues which have nothing to do with running the country.
When the republicans stop their in-fighting and put up common-sense / winnable candidates (not McCain - Dino/RINO's), we'll have a shot!
Post a Comment