'Neoliberalism has failed and is going away. The question is whether we'll return to sane and humane economic policies and ban big money from politics, or if we'll embrace the authoritarian populist policies of Trump, Putin, and Le Pen.'
, which limited workers' rights and weakened representative organizations, curtailment of unemployment benefits and diminution of employers' social security contributions."
Progressives committed to undoing the neoliberal"reforms" foisted on their countries over the past 40 years must be every bit as aggressive as the neofascists are at calling out the failures of neoliberalism. "Today in America, income and wealth inequality is at its highest level in over 100 years. The two richest men in America now own more wealth than the bottom 42 percent – over 130 million Americans.
"In his budget, the President has proposed a 20% minimum tax on those who are worth at least $100 million. That is a step forward. I would go further. "But it's not just income and wealth inequality. It is economic and political power. As we discussed at a hearing in this committee last month, three Wall Street firms control assets of over $21 trillion which is basically the GDP of the United States, the largest economy on Earth. Three Wall Street firms.
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