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They pull the strings
(lemmy.world)
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this post was submitted on 12 Nov 2024
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Late Stage Capitalism
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True. It would need to implemented alongside economic reform.
Trickle-down was an experiment. It was proven to be a failure based on the current wealth inequality. Now we just simply need to redistribute and try something else.
False.
Trickle down was a REBRAND. It used to be called "Horse and Sparrow economics."
The literal idea being that horses get to eat whole grains, and sparrows peck their meals from horseshit.
It’s true that Reagan’s Trickle-Down was a revival of Harding’s Horse & Sparrow, but that doesn’t affect my point.
We’ve proven it doesn’t work. The correct solution is to redistribute and try a different method to check capitalism.
Oh for sure. I wasn't advocating for it!
But it does change the point in your messaging. To call it "an experiment" gives it a quality of transience, whereas establishing the actual history of the methodology allows people to understand the scope and magnitude of how long and deeply the masses have been bamboozled.
That’s fair.
Regardless, Trump’s solution of bringing back Reagan’s first economic plan, Voodoo Economics, will drive inequality even faster than Trickle-Down.