Bernie Sanders is really just a proper capitalist
The United States has now had “supply-side” economics for 35 years.
By reducing taxes on the very rich, supply-side economics was supposed to provide wealth to investors so that consumer goods would be produced in abundance and “trickle down” to the workers.
Instead, it has brought the greatest inequality in wealth since Trimalchio sat down to dinner in the Satyricon of Petronius in the first century.
One candidate for the presidency has promised to reverse this economic paradigm to an economy that will put wealth in the hands of workers so that they can afford consumer goods and services. Investors would then compete to produce goods and services so that the wealth of the workers would “trickle up” to the investors who invest in the best products and services.
The presidential candidate in question calls his program “Democratic Socialism.” I call it “capitalism,” the way capitalism is supposed to work.
Pete Fisher, Arroyo Grande
This story was originally published February 23, 2016 at 9:33 AM with the headline "Bernie Sanders is really just a proper capitalist."