EconomicValues |
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Progressive [?]
- higher taxes on the rich, a
- higher minimum wage,
- more regulation of Wall Street,
- more support for labor unions,
- more aggressive antitrust enforcement and
- more government investment in economic growth
Laissez-faire, Neoliberal or Market-Friendly.
- lower taxes for the wealthy,
- less regulation of business, an
- expansion of global trade, a
- crackdown on labor unions and
- an acceptance of very large corporations.
You can see here that there is a five-player game in which gains (or losses) can be allocated in different proportion to
- consumers,
- the company itself,
- financial markets,
- workers, or
- taxpayers.
The current rules of our economy have encouraged the allocation of gains to consumers and financial shareholders (now including top company management), and the losses to workers and taxpayers. But it doesn’t have to be that way.
Tim -- Source: