Economics, Power, and Group Dynamics: the The New Theory of Economics of the Middle Class
October 24, 2015 in Economics
This is from one of my book’s on Amazon. I thought you might enjoy this small excerpt.
Without the pen of the author of Common Cents, the sword of Washington would have been raised in vain. John Adams.
The redistribution of wealth is a constant. Before Reagan, it favored the poor and middle classes; since Reagan, it has favored the upper 10%. There is no reason to assume that the rich get richer and the poor get poorer represents the natural flow of money or a healthy economy: it merely illustrates that in spite of all economic systems of the past, the rich still get richer, and the poor still get poorer and that no one has bothered to think this through. Instead they have preferred to pretend that Capitalism and Communism are the only possible explanation or solution to the problem. The motivation for writing this collection of essays is to demonstrate that the successes of the middle class in the 1950’s and my personal experience, training, and reading have convinced me that a theory of economy based on the strength of the middle class in peace and war would effectively stabilize the economy and defeat that rich get richer, and the poor get poorer dynamic.