[Magdalen] Trump, education and children

[Roger Stokes]

On 02/04/2016 16:24, Charles Wohlers wrote:
>
> Trump, OTOH, is tapping in to a lot of anger - his supporters, instead 
> of coming up with reasonable solutions to problems, simply lash out at 
> any available target. The targets, however, are never the right one - 
> big corporations and the people who run them. There's a lead article 
> in last week's Economist which examines the excessive profits of 
> American companies. Under normal conditions, greater profits would 
> lead to lower prices, as competition increases. But, "Profits have 
> risen in most rich countries over the past ten years but the increase 
> has been biggest for American firms. Coupled with an increasing 
> concentration of ownership, this means the fruits of economic growth 
> are being hoarded.

The other point I have sen referred to is that as profitability has 
increased wages have not kept pace.  The workers who generate the 
profits have not shared in them to the extent that would enable them to 
spend more and so increase demand and thereby boost the economy. 
Incidentally that factor is not limited to the USA.

Roger