PLC1, et al,
This is an interesting conversation. I think it needs to be revived.
So, I'll throw my two cents in and stir the pot; although, I think that both of you (as well as other contributors) know a lot more on the subject than I.
(COMMENT 1)
I don't believe that the Private Sector "confiscates" wealth. But it does have an impact on the work force, which generates wealth. If the Private Sector no longer supports employment (outsources) then there is less money on the economy to circulate.
(COMMENT 2)
Capitalism counts on no government intervention. The Private Sector is in business to make money (gain wealth). It has little or no interest in the economic health of the nation. It will outsource any job, move any industry, and service any emerging market (not necessarily the US market) that can afford to pay. The entire maxim and mantra behind business is to maximize the wealth of the shareholder. If the country loses its industrial capacity, is beseeched by both unemployment but under-emeployment, the Private Sector does not care. It has no patriotism, it will just move-on to the next emerging market.
(OBSERVATION)
When a country is economically strong, and has the capacity to generate disposable income, the other programs (defense, health, educational, social, foreign, etc) become affordable.
The industrial and production capacity drives many engines in America. The fact that America sees no national security interest in rebuilding America is the first set to the decline in the GNP. With the decline of the GNP, America inches it way to a third world country.
Most Respectfully,
R
