Do not intervene
Yes, do intervene
1) What has caused this phenomenon? A number of things. Taxation is less progressive. The decline of unions means labor has less power to demand a larger distribution of the profits through higher wages and other compensation. Money in politics has shifted policy concern away from the have-nots in favor of the haves. Tax loopholes for corporations and the rich abound. Per Warren Buffett: “Through the tax code, there has been class warfare waged, and my class has won; it’s been a rout.”
2) What are the long term implications if the trend is allowed to continue? Probably nothing good. Politically it is a damning comment on our democracy when the middle class is no longer heard. Economically it is damaging because its driving force--the middle class--is being hollowed out. Economies with a rich upper class, a huge lower class and little in the middle is typically what you find in the third world.
3) What, if anything, should be done to adjust our course? Vote Democratic. Support unions. Support a rise in the minimum wage. Support getting money out of politics. Join organizations that fight entrenched money power, like Common Cause. More government spending on rebuilding the nations infrastructure, paid for by taxes on the rich.
Last edited by jpn; 09-25-14 at 07:05 PM.
The government does by allowing themselves to be bought.
The public does by continuing a system of representation that simply does not work, or represent them.
The schools are overburdened and underfunded so no not really. Although private schools by their very existence do by providing alternatives for the wealthy. If all kids went to public school, the system would be reformed over night...