We need to "publicize" not privatize our economy. "Shouldn’t communication, like transportation, be a government service? It is essential infrastructure for the economy and if it were run as a public service that put the needs of the people and the economy before profit for shareholders, we could create a plan to upgrade and expand Internet with lower costs." "Robert Reich points to Detroit as an example of the bankruptcy of America’s social contract. Racial and economic divides have resulted in many urban areas losing their financial base as wealthy whites moved to the suburbs. While Detroit is one of the poorest areas of the country, the Detroit Metro area “is among the nation’s top five financial centers, the top four centers of high-technology employment, and the second-biggest source of engineering and architectural talent.” "Writers from New Economic Perspectives point out that the real solution to all the Detroits in the country is for the government to serve as employer of last resort and create a full employment economy."
Posted on: Thu, 25 Jul 2013 22:23:46 +0000
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