Originally Posted by AdamC
And it is kind of funny to blame the company for not offering employment when it is not necessary to do so and these people should read Atlas Shrugged. And it damned funny to hear over the BBC someone saying the 1% of the richest should share their wealth with the have nots.
An economy generates wealth. Government policies affect (note affect, not determine) how that wealth is distributed. There is no wealth distribution that is "free" in a complex economy. Examples are minimum wage laws. Health policies also influence what real wealth working people have.
Another example of how government actions affect wealth distribution are the actions of former Fed Chair Alan Greenspan. While an advocate of laissez faire and proponent of Ayn Rand, in the 1990s he was very quick to raise interest rates whenever the unemployment rate
fell. He did this in order to "cool off the economy." This effectively insured that workers would never become scarce enough to require an increase in wages. Thus, whatever the profits were for a company, they were never under pressure to raise wages, i.e. sharing the profits with the workers. Thus Americans' real wages shrank for most non-professional workers, while more and more profits went to CEOs and stock holders (i.e. the top 1%) While some of this happened under Clinton, we should remember that Greenspan was first. appointed Federal Reserve chairman by President Ronald Reagan in August 1987.
The the 30+ of Reaganomics (aka Voodoo economics, trickle down theory) has seen a massive transfer of wealth from the majority of Americans to the upper 5% of the population. This is the right-wing corporate social engineering.