America’s Real Industrial Policy: Maximize Profits at All Cost
By Roger Bybee at Oct 25, 2011
The Occupy Wall Street movement—which has gained the support of 54 percent of Americans, according to a Time poll—has, remarkably, apparently inspired free-marketeer House Majority Leader Eric Cantor to address America’s Pakistan-level inequality in a speech on Friday.
Cantor intends to explain how to uplift “a single working mom…a small business owner...and how we make sure the people at the top stay there.” (The last category, of course, has seemingly been the entire purpose of Cantor’s political career.)
The OWS movement's core concern is growing inequality, and how to lessen it. Many protesters advocate for more progressive tax policies. Another crucial way to fight inequality, which activists haven't focused on as much, is keeping good-paying jobs in the United States.
In my opinion, the movement ought to directly challenge the president and leading Democrats on whether they are serious about preserving America’s productive base and raising the incomes of working families who are part of the 99 percent. Will these political leaders support a concerted “industrial policy” to achieve these critical goals, or will they side with Corporate America as jobs disappear, wages keep plunging and inequality reaches new heights?