Friday, March 14, 2025
In crowd
During the early post war years, up until the late 60’s, companies expanded by building new facilities but that change when they discovered it was more efficient to just buy a smaller competitor and have a readymade work force. Then they discovered it was even more efficient to just send production overseas and the politicians went along with the idea and the working people suffered. This resulted in a large income gap where the top 10% saw their assets grow at the expense of the middle-income group. Big business and big government grew while the middle-income group suffered. Now that is changing and those in power are not happy. Government is shrinking and those affected are protesting and the press is happy to expose every injustice, while ignoring the waste, saying that congress should be dealing with waste but they are unable to do so. Congressmen are first and foremost concerned about getting reelected and cutting benefits to any constituent will jeopardize that goal. In their minds its like asking them to cut their own job much like term limits. The in crowd, wants to continue the old ways where money went to the wealthy and they in turn provided campaign funds to help in reelecting the ins. The result is that 95% of incumbents win reelection and the status quo is maintained. The establishment doesn’t want to change this and the bureaucracy is part of this group. They have formed a coalition of bureaucrats, big business, the press, Hollywood, social media and Silicon Valley. The losers are the middle-income workers who watched 90,000 factories disappear along with millions of good paying jobs.
Since 1997, the U.S. has lost over 91,000 manufacturing plants and nearly 5 million manufacturing jobs, with globalization, outsourcing, and changing trade policies being major contributing factors
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