Ezra is so good at explaining things:
Executive Summary: The American Way of Business — increase profits by squeezing employees and suppliers to lower cost — amounts to an economic death spiral. See also “How Obamacare Affects Bad Business Practices.”
Along the way, however, weâ€™ve forgotten something important â€” namely, that economic justice and economic growth arenâ€™t incompatible. America in the 1950s made the rich pay their fair share; it gave workers the power to bargain for decent wages and benefits; yet contrary to right-wing propaganda then and now, it prospered. And we can do that again.
Can’t say that often enough.