Friday, July 1, 2011

Does This Look Like a Golden Age to You??

Excellent piece by Robert Parry at Alternet - If Ayn Rand and the Free Market Fetishists Were Right, We'd be Living in a Golden Age -- Does This Look Like a Golden Age to You? - click here

"By slashing income tax rates to historically low levels – and only slightly boosting them under President Clinton before dropping them again under George W. Bush – the U.S. government essentially incentivized greed or what Ayn Rand liked to call “the virtue of selfishness.”

Further, by encouraging global “free trade” and removing regulations like the New Deal’s Glass-Steagall separation of commercial and investment banks, the government also got out of the way of “progress,” even if that “progress” has had crushing results for many middle-class Americans."

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