The candidates in the 2020 US presidential race are proposing an array of economic policies frequently described as either free-market or socialist. These labels often confuse the American public. In particular, capitalism is widely – and wrongly – understood to be synonymous with free markets. In fact, it includes all economic systems with private ownership of property, from free markets to social democracy.
These various forms of capitalism require basic rules governing how markets operate, such as protection of property and the rule of law. Most capitalist societies also have social programs to protect the most vulnerable. Governments in capitalist economies therefore face two fundamental choices. First, they can either set market rules for the common good, or delegate this task to big business under the guise of “free markets.” Second, they can design universal social programmes with the aim of reducing inequality and protecting the environment, or scale them back in order to minimise government spending in these areas.
The choices governments make strongly influence levels of inequality, greenhouse-gas emissions, and overall well-being. To evaluate the Democratic candidates’ economic policies properly, therefore, we must understand their proposals for structuring markets and creating or expanding social programmes.
US President Donald Trump describes such measures as “socialism”, and instead praises free markets without acknowledging that markets need rules to function. Rather than having government set the rules, Trump prefers to let multinational corporations decide how to operate their own markets. Yet in Big Tech and many other increasingly concentrated sectors, deregulation does not increase competition; on the contrary, it allows big companies to rig things in their favour.
Consider the energy sector, where Trump has put Big Coal, Oil, and Gas in charge of US climate policies. Corporate bosses now determine how much they may pollute and how fast they need to develop renewable-energy capacity, while the US remains addicted to fossil fuels. In the health-care industry, big pharmaceutical companies are free to set drug prices, and large insurers reap one-quarter of the sector’s revenues. The military-industrial complex rules the Pentagon, investment banks control Wall Street, and big agricultural conglomerates hold sway over America’s farmland.
Market concentration allows a few large multinationals to control an industry, resulting in high prices and excessive executive pay. Big incumbents crush newcomers in order to maintain their market power, and then use excess profits to help elect friendly lawmakers and lobby for policies that support their continued dominance – often undermining the power of popular democratic movements.
Several Democratic presidential candidates have highlighted these problems. Elizabeth Warren, for example, blames big-business corruption for worsening inequality and the climate crisis, and undermining American democracy. Bernie Sanders has called for a grassroots political revolution to create a social democracy in the US.
Although Warren and Sanders differ on the details, both want to put government back in charge of structuring markets for the common good – including higher taxes on the wealthy and big business, along with stricter enforcement of antitrust and environmental laws. Both candidates also advocate government social programmes aimed at providing everyone with healthcare, childcare, higher education, adequate housing, and decent jobs, along with a social safety net to support them in hard times.
Other Democratic hopefuls have also advocated some of these measures, but more centrist candidates say such programs would be too expensive or even undermine freedom, thereby echoing a standard right-wing critique. Former Vice-President Joe Biden, for example, recently told wealthy donors that “nothing would fundamentally change” if he became president. Yet the US capitalist system needs a major revamp in order to tackle the climate crisis and unacceptably high levels of inequality. European countries have demonstrated how broad government programmes, flourishing economies, and freedom go hand in hand.
Some are mapping the way forward. Nobel laureate economist Joseph E Stiglitz says progressive capitalism could greatly help to reduce wealth-snatching and create a more sustainable, equitable economy. And the Poor People’s Moral Budget advocates progressive social programs funded via taxes and the redirection of existing federal spending.
Our research team at the University of California, Berkeley, has created the Sustainable Shared-Prosperity Policy Index (SSPI) to measure policies that support a meaningful life in a sustainable world. The SSPI ranks 50 countries based on three broad criteria: policies that structure markets with rules and taxes; measures to protect the environment; and government programmes that support healthy, educated people along with the infrastructure and human rights that establish a well-functioning society. By gathering data on over 50 policy indicators, the SSPI provides a practical roadmap toward creating an economy that cares for people and the environment.
All US presidential candidates should present their plans for the economy so that voters can assess how the alternatives will affect their quality of life. People need to know whether they will have access to healthcare, higher education, and childcare, along with a secure job that pays a decent wage and allows time for a balanced life with family, friends, and community.
This is surely not too much for citizens of a rich country to expect and demand. America has the resources to create a better capitalist economy, and we know which policies can improve well-being today and for future generations. Now the country needs to elect a president and Congress that can build this new system. – Project Syndicate
* Clair Brown is Professor of Economics and Director of the Center for Work, Technology, and Society at the University of California, Berkeley, and the author of Buddhist Economics: An Enlightened Approach to the Dismal Science.
* Simon S?llstr?m is the research coordinator for the Sustainable Shared-Prosperity Policy Index (SSPI) at the University of California, Berkeley.
COUP-IN-PROGRESS: White Collar Mafiosos Fauci, Pelosi, Cuomo & Cuomo Conspire to Topple Trump
Let’s put THE GREAT SCAMDEMIC aside for a moment.
And let’s jump ahead to Election Day — November 3, 2020.
Three things are certain based on Deep State’s no-holds-barred MO.
First, the DEMs will steal the Senate just like they stole the House during the 2018 midterms.
Second, the DEMs will increase their majority in the House with even more election fraud and theft.
Third, the DEMs will either politically incapacitate Trump between now and Nov. 3…
or, they will outright steal the POTUS election now that the electoral process has been thrown into chaos and confusion…
or, they will let Trump win so that they can impeach and convict him in 2021 with their solid majorities.
Now let’s take a close look at THE GREAT SCAMDEMIC, and especially how it will be used to manipulate the 2020 election outcome.
This thing — THE GREAT SCAMDEMIC — goes way beyond the Democrats and Deep State. It goes way beyond CROWNgate and Pedogate. It goes way beyond the Rothschilds and the Rockefellers. It even goes beyond the Cahilla and the Khazarian Mafia … as well as the Black Nobility and the International Banking Cartel & Crime Syndicate.
THE GREAT SCAMDEMIC is so HUGE and has so many objectives that you know it’s the end … the final end … … … as in the “End-times” !
But that’s not the point here.
What happens between now and Election Day will determine the fate of the American Republic. The future of the American people hangs in the balance with the 2020 outcome like no other election in U.S. history.
The election outcome (and process) will also dictate the inevitable consequences for the Democrat Party, as well the destiny of Deep State. The Patriot Movement also stands to gain or lose a LOT!
This is why TPTB have strategically positioned so many Deep State Democrats all over the place.
We’re talking about white-collar mafiosos like Fauci, Pelosi, Cuomo & Cuomo.
The liberal power elite have installed a top hitman in every position that counts.
It’s like JFK driving through Dealey Plaza on November 22, 1963 surrounded by the 8 C.I.A. sniper nests (yes, there really were at least eight sniper’s nests).
FALSE FLAG ALERT: Obama Foundation tweeted about George Floyd on May 17th, a week before his supposed murder – UPDATE
(Natural News) We have now confirmed that the Obama Foundation was tweeting about George Floyd on May 17th, more than a week before the day Floyd was reportedly killed by police in an act of violence that sparked the worldwide riots we’re all witnessing.
George Floyd was killed on May 25th. So what was the Obama Foundation doing tweeting about Floyd on May 17th, when nobody knew who he was?
UPDATE: Some people are saying that Twitter retroactively alters images from the history of your timeline when the source URL changes its image. However, what investigators have already confirmed is that the Twitter URL validator was used by the Obama Foundation to validate this image on May 17th, in advance of releasing it publicly. Thus, the image was VALIDATED more than a week before Floyd’s claimed death. This, combined with the new video analysis that claims George Floyd’s death was faked using crisis actors, raise serious questions about the authenticity of this event, which appears to have been planned and carried out for political purposes, right in time for the 2020 election. The Obama Foundation Twitter picture is only a tiny fragment in the larger picture that is now emerging of a pre-planned false flag event.
The answer, of course, is that the whole thing was planned in advance. Just like on 9/11 when the media was reporting that the WTC 7 building had collapsed even while it was still standing in the frame directly behind them, it looks like the Obama Foundation got its wires crossed and accidentally started tweeting about George Floyd a week in advance.
Once the first tweet accidentally went out, they couldn’t delete it without raising suspicion about it, so they just left it up and are relying on Big Tech’s censorship to make sure nobody learns the truth that this was all planned in advanced and rigged as public theater.
In fact, there is growing evidence that George Floyd isn’t even dead. We’ll cover more on that later. We’ve already documented the fact that actors are now posing as cops as part of a rioting psyop (psychological operation) that’s being used to brainwash more people into supporting the communist uprising.
YouTube is now banning all videos that discuss the Obama Foundation tweet about George Floyd on May 17th, and Facebook has made sure that no one can share any link from NaturalNews.com as a further suppression of truthful, independent reporting.
COVID: The squeeze play on the population
It’s a con as old as the hills. The ancient chieftain of a little territory looks out across his domain and says to his top aide, “You know, we have these clusters of people worshiping different gods. That’s not good for business. Our business is CONTROL, so we need UNITY. Make up the name of some god, and go out there and sell it. Take down those little shrines and tell all the people they have to believe in the new deity. Use force and censorship when necessary. Later on, I may decide I’M really the name you chose for the new god. We’ll see. If you have any trouble right away, call me on my cell. I’ll be out sunning by the pool.”
Unity of thought. That’s what controllers are after.
In the case of this fake epidemic, the population must view WHAT IT IS in the way public officials and the press are describing it. Dissenting analysis must be pushed into the background.
Here is a 4/9 Bloomberg News headline: “5G Conspiracy Theory Fueled by Coordinated Effort.”  A sub-headline states, “Researchers identify disinformation campaign but not source.” The article begins: “A conspiracy theory linking 5G technology to the outbreak of the coronavirus is quickly gaining momentum…”
Obviously, such wayward thinking has to be stopped. And down further in the Bloomberg article, we have chilling news: “Some social media companies have taken action to limit the spread of coronavirus conspiracy theories on their platforms. On Tuesday, Google’s YouTube said that it would ban all videos linking 5G technology to coronavirus, saying that ‘any content that disputes the existence or transmission of Covid-19’ would now be in violation of YouTube policies.”
“In the U.K., a parliamentary committee on Monday called on the British government to do more to ‘stamp out’ coronavirus conspiracy theories, and said it was planning to hold a hearing later this year at which representatives from U.S. technology giants will be asked about how they have handled the spread of disinformation on their platforms.”
Independent analysis of the “epidemic” hangs in the balance. The masters of control want to maintain an information monopoly.
It goes without saying that, in order to achieve this monopoly, detailed surveillance of Internet content is necessary.
Another type of surveillance is also part of the squeeze play. Apple.com has the story (press release, 4/10) :
“Across the world, governments and health authorities are working together to find solutions to the COVID-19 pandemic, to protect people… Since COVID-19 can be transmitted through close proximity to affected individuals, public health officials have identified contact tracing as a valuable tool to help contain its spread. A number of leading public health authorities, universities, and NGOs around the world have been doing important work to develop opt-in contact tracing technology.”
“To further this cause, Apple and Google will be launching a comprehensive solution that includes application programming interfaces (APIs) and operating system-level technology to assist in enabling contact tracing. Given the urgent need, the plan is to implement this solution in two steps while maintaining strong protections around user privacy.”
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