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-- so-called "stimulus" benefits to Wall Street and other favored industries, not people where they'll do the most good; and
-- what's directed to these sectors denies help to households that comprise 70% of GDP; "the only (way to) increas(e) demand and stimulat(e) recovery is to restore the purchasing power of working Americans."
Rebalancing the economy depends on stimulating demand through "direct state ownership and long-term, large-scale investment in the production of goods and social services." It also requires "Dismantling the entire financial speculative 'superstructure' " responsible for the current crisis and will cause future ones if allowed to keep operating.
Real productive investment and growth must replace destructive financialization - a fraud-laden casino operation generating great wealth for privileged bankers but few others. Other vital change requires:
-- retraining FIRE sector and other employees for productive new jobs; and
-- dismantling America's military empire; downsizing the Pentagon; slashing the defense budget, closing hundreds of global bases abroad and at home, and ending alliances with belligerent foreign powers; then redirecting those funds for productive use.
"Reversing domestic decay requires the end of empire and the construction of a democratic socialist republic." Today's America is fundamentally flawed, corrupted, unsustainable, and heading for demise if not reversed in time.
The Basic Priority of Public Policy: A Better Life for All
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