Source: Consortiumnews.com - 11/01/13
Unrestrained free markets destroy the middle class, push working people down the economic ladder and concentrate wealth at the top. But promoters of this hyper-capitalism, who dominate the U.S. media debate, simply blame the poor for poverty, as Lawrence Davidson explains.
By Lawrence Davidson
Most of the poverty in the United States is artificially manufactured. It is poverty created in the pursuit of “free market ideals,” expressed in recent times by the imposition of neoliberal economic policies – the sort of policies that cut taxes on the wealthy, do away with fiscal and other business regulations, shred the social safety net, and erode middle-class stability – all while singing the praises of self-reliance and individual responsibility.
As a result we have done very well in making the rich richer and the poor both poorer and more numerous.
