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The War on wages Part 2

How the Conservatives aim to Help Minorities Economically

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We have seen how real wages have been falling in relation to production for 3 decades. We know that poverty has been exploding. So what is the solution?

The Republican conservatives are putting forth the doctrine of free market economics as the answer to all problems economic. Would it work?

Economics tells us that free markets are by far the best way to create and distribute goods. It encourages entrepreneurship and innovation, the bedrock of progress. But experience tells us that without regulation, wages and standard of living falls, and legislation is manipulated to bring short term profits at the expense of all long term positive goals. Eventually both innovation and entrepreneurship are strangled as the economy becomes terribly erratic and stagnates.

By leaving out the reality of how free markets play out among real people, it's faux logic can seem to be the answer to every problem.

Ofcourse, those who seek to regulate, seem to do as bad a job as those who seek to allow businessmen to follow their bliss. So we find ourselves in a fine mess praying for wisdom to find its way into government.

Good luck!