Economic Report: Economic Policy Favors Corporations Over Workers As Profits Recover While Jobs Don’

[Omaha Steve]

http://www.laborradio.org/node/13886

Submitted by Doug Cunningham on July 19, 2010 - 4:05pm
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Economic Report:

The Economic Policy Institute says as corporations begin reporting second quarter profits this week we will see an economic snapshot of robust profit recovery in stark contrast to a stalled job market. Profits, EPI says, are 5.7 percent higher than at the start of the recession But EPI says workers have 8.2 million fewer jobs than when the recession started in 2007.. EPI says this demonstrates that economic policy is clearly skewed in favor of corporations and against workers.

[OHdem10]

1. It has been set up to favor Business over Workers. When Reagan

instituted the "Free Market System", it was believed
that if we just let the Market work its will, Business
would prosper and so would everyone else.

"The Invisible Hand" would self correct any mistakes and we would
all live happily ever after.

Therefore Businesses became "persons" whose only responsibility
is to the shareholders and Investors). They no longer had
any responsibility as a citizen of this country. No responsoiblity
to the workers. Their responsibility: Make money for the shareholders
and Investors. This very set up affirms the notion that
Business is favored over workers.

These rules have not been changed: until they change we will
probably continue on with Conservative Economic Fundamentalism.