Discussion about this post

User's avatar
Dave Spencer's avatar

It's true...corporate claims about many "shortages" of supplies and such were posed to get help from the taxpayers on one end to fund things like the PPP, and then to profit on the other end with higher prices on the shelves. Gas prices, for example...the highest majority of money gained by raising prices so ridiculously, while the government allowed it, went right into the stockholders and executives' pockets...what more do we need to know to start organizing as "we, the people" and getting back to the principles we were founded with, regarding our democratic republic foundation? Not to be ruled by money, religion, or any certain political ideology...

Expand full comment
Elaine Cimino's avatar

Jerome Powell is all about neoliberal orthodoxy. He believes that free markets left to their own devices will produce outcomes that are superior to governmental interventions. What is occurring under the Biden-Powell neoliberalism is that government is allowing giant corporations to freely pursue profit opportunities to the maximum extent. Government bails out corporations whenever profits are threatened. And of course as Stern points out capitalism can fail. The view that balanced interventions are likely to make things worse is false, so let’s stop kidding ourselves, they are out to get the most for themselves.

Expand full comment
173 more comments...

No posts