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Forum Post: the private sector will not create the jobs By Mark Vorpahl

Posted 11 years ago on Sept. 11, 2012, 8:34 a.m. EST by flip (7101)
This content is user submitted and not an official statement

In contrast to the claims of both Obama and Romney — and both of them know better — the private sector will not create the jobs necessary to lift workers out of the Great Recession. No matter how many incentives big business is showered with, there will not be enough to overcome the limits the profit motive places on investment, given the concentration of wealth, growth in financial speculation, and the lack of demand resulting from workers' impoverishment.

The private sector is the problem, not the solution for the jobs crisis. It will take investment in the public sector to create full employment and lift up the economy. This investment can be funded by taxing corporations to the point where our nation is facing surpluses rather than deficits. Owners of immense wealth have for too long been let off the hook from paying their fair share.

There is no shortage of work that desperately needs to be done. Industries need to be retooled to reverse climate change. Our infrastructure needs to be maintained and, in many cases, rebuilt. Public education needs to be improved and expanded rather than privatized. Social services and health care need to be made available for everyone who needs them. Unfortunately, this is exactly the opposite of the approach of both presidential candidates and their corporate funded parties. Workers need to wrest control of the economy from the 1% by building a politically independent mass social movement to place our needs, such as a federal jobs program to create full employment, on the front stage.

All progressive changes that have benefited the vast majority have been the result of such struggles. Our salvation from the Great Recession lies in forging the necessary grass roots/workers unity to rediscover our power to set the political agenda.



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[-] 1 points by SteveKJR1 (8) 11 years ago

I guess this guy doesn't understand our economy. He made claim that "the private sector will not create the jobs necessary to lift workers out of the Great Recession no matter how many incentives "Big Businesses" is showered with.

This dumb ass doesn't realize that it's not Big Businesses that stimulates the economy it's "Small Business" and people working for these small businesses.

This guy is a moron - he lost all credibiltiy in that statement.

[-] 1 points by amytoro (2) 11 years ago

Yes, the private sector's growth is key. The climate must change in the Court system. Private investors must be able to invest with the fear of bullying and abusive litigation. Private investors need more protection and respect in Court. Without changing our laws, the economy would not rebuild strong.

[-] 1 points by flip (7101) 11 years ago

yes we should go back to 1890 - then they will invest

[-] 1 points by TommyNYC (730) 11 years ago

Great post. Unfortunately, posts like this will continue to be ignored on this forum as long as the libertarian trolls continue to dominate the forum and distract us with peripheral and nonessential tangents. Everyone else should wise up and stop taking the bait.

[-] 1 points by flip (7101) 11 years ago

thanks - i agree (obviously i guess) - i was hoping this would be a place where we could educate ourselves. hasn't happened the way i thought but maybe some have been moved in the right direction. it has helped my thought process in some ways - countering the arguments of the quislings