re: #293 William Barnett-Lewis

Bain is an example - the destruction of small business and jobs for the profit of larger corporations, off-shoring jobs to the lowest bidder despite equally lowered quality, and so forth. It’s a term designed to showcase the worst elements of modern capitalist excess.

Supply-side capitalism is based on the notion that lowering taxes and regulations on business will encourage them to invest in jobs that benefit everyone.

That might have worked back in the days of national economies, but now that capital is much more free to follow the path of highest short-term returns, then those jobs are going to go to the countires with the cheapest labor and weakest regulations.

And all we get are minimum-wage jobs at the Wal-Mart selling cheap imported goods made overseas by US companies.