[GPSCC-chat] Why Recession is so bad

[Drew]

Gerry, you bring up the "legalized bribery of congress".  Lawrence Lessig is all over that aspect of the corruption in our present system.  You might really enjoy what he has to say and Brian posted info about his upcoming talk.

Green is GO!

Drew


 
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>________________________________
> From: Gerry Gras <gerrygras at earthlink.net>
>To: GPSCC <sosfbay-discuss at cagreens.org> 
>Sent: Tuesday, April 16, 2013 10:50 AM
>Subject: [GPSCC-chat] Why Recession is so bad
> 
>
>
>Here is an article by Robert Reich that, IMO, is a
>good statement about why the economy is still doing
>poorly.  It boils down to:
>- the rich have nearly all the money
>so
>- the rest have little to spend
>so
>- there is less consumption demand
>so
>- business sales are down
>so
>- businesses have no motivation to hire
>so
>- the rest have little to spend
>so
>...
>
>Unfortunately, there is nothing here about
>WHY there is such large inequality.  He
>may have done so elsewhere, I don't know.
>I think it's about the "legalized bribery"
>of Congress.  And maybe that needs to be
>dealt with before real recovery.
>
>On the other hand, an improved economy
>would also increase fossil fuel consumption
>and CO2 production ... So what are you going
>to do?
>
>
>"Why This is the Worst Recovery on Record"
>http://robertreich.org/post/48047982332
>
>Gerry
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>sosfbay-discuss mailing list
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>
>
>
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