Reply #3: Economics is a group of definitions supplemented by a theoretical framework designed to... [View All]

[AdHocSolver]

promote and protect the corporate ruling class. Its purpose is not to explain, but to obfuscate how the wealthy elite use the corporations, the media, and governments to enslave populations in order to maintain and increase their wealth and power.

You don't need to understand economics to figure out that if you remove a tax on gas, the oil companies, since there are no regulations to prevent them, will simply raise the price by the same amount and increase their profits.

There is NO "invisible hand" that forces the corporations to do anything either against their own interests or for the public good. They can do anything they want no matter what the rest of us want. They are all-powerful because there is no government watchdog regulating their activities.

The corporate wealthy have taken over the government COMPLETELY and are running riot over the planet. This happened before in the 1920's leading to the Great Depression of the 1930's.

Then, and only then, after the economy collapsed, did people finally wake up and support Franklin Roosevelt's New Deal policies of corporate regulation and economic controls.

Talk about "supply and demand", "peak oil", "tax cuts", "global climate change", "competition", and so no is merely empty verbiage by powerless people who believe that incantation of these magic words will somehow save them and the planet from impending disaster.

It seems apparent that, as in the 1930's, nothing will be done to stave off serious trouble until after the U.S. economy collapses, and only then if we are fortunate enough to have a leadership which will wrest control from the corporate elite.