We can better understand the system we live in by taking a long historical view.
Our economic and government system, while a great improvement over its predecessors, rotted to its core by early in the last century.
After that time, there were no solutions for the society as a whole. There were, however, solutions for certain wealthy people.
World War I and World War II, although they cost millions of workers’ lives and reversed a great deal of progress, turned out pretty good for the wealthy people of the United States. They enjoyed a prosperous, though temporary, period after each successful war. The people in the nations that lost suffered terribly, of course, but as I said, there were solutions for certain wealthy people after the 20th century began.
That so-called “solution,” world war, isn’t available to them any more because of nuclear proliferation.
Some time during the 1970s, the “American Century” of post war prosperity began to wane. Working Americans haven’t done particularly well since then, and have in fact begun to slide backward. The temporary economic “solutions” worked only for the very wealthy, and they continue that way today. Some people call this a crisis of capitalism.
The Crisis is Natural
If an economic system has to sell its products for more than they cost, and if the workers of a given nation do not have the resources to pay, then the products have to be sold somewhere else. The wealthy owners have to compete for that “somewhere else.” Since the 1970s, the wealthy owners of the United States have stopped winning that competition. It shows in all the statistics. Their only way to beat out their competitors is to reduce the wages, benefits, and social benefits of poorer people. That’s what they have been doing and what they continue to do.
Deregulation, Privatization, Corporate Welfare and Outsourcing are Necessary Props
To prop up the wealthy, to provide a “solution” for the wealthy (not for us), they cause their government to deregulate their businesses, privatize the socially-owned sector, hand out tax breaks and outright gifts to corporations, and outsource work to countries where wages and environmental regulations are more advantageous to them.
Even though the wealthy people are able to get their government to cooperate in their economic “solutions,” the results are only temporary, because the wealthy people in other countries are doing the same thing. It’s a competition usually, nowadays, called, “the race to the bottom.” That’s what we call it. They probably call it “good business.”
Things get temporarily better for the wealthy class while everybody else suffers.
Comes the Trump Government
President-elect Donald J Trump will accelerate all of the “solutions” listed above, solutions only for the wealthy and not for us, and they will be, if anything, temporary fixes. The crisis will continue, there is no way to turn it around because the international competition will still be there.
No matter what reforms we may attempt, the overall competitive system will remain rotten and will continue to get rottener.
We need a new system.