Instapopulist

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Welcome to the Instapopulist! This is a new forum for all registered EPers to report breaking news, ramble an economic rant, ask a question or write a full bore article. To become an Instapopulist, go to your navigation menu and click on create content. Then write away. To help in formatting, click on the rich-text editor to bring up the tools. There is additional information in the user guide. Any questions or problems, just leave a comment and happy writing all Economic Populists!

Plastic Corporate Food

If you haven't heard the story of corporate food manufacturer's adding plastics to your food, you should.  This one is downright disgusting and what it has done to people, health wise, is yet to be seen.  Instead of using good old fashioned yeast for breads, these companies add dough conditioners, which are in fact plastic.  The reason your sandwich looks so good is because it is shellacked.

Fed Up with the Fed Blaming Boomers

Why does the Fed keep claiming Baby Boomers are the main reason for the decline in the labor force? The real reason is because there aren't enough jobs for prime-age workers, and not mostly because older workers are leaving the work force.

Regarding this post: The Economic Outlook and Forward Guidance from the Atlanta Fed: It states, "About half of the fall in participation can be explained by demographic trends— that is, baby boomers choosing to retire."

Robots? Meet the Real Job Killers

Robots, automation and computers have greatly increased worker productivity, while also displacing many American workers in the process. But not only wasn't this increased productivity not shared with the workers in the form of equally higher wages, the jobs that these displaced workers might have otherwise gravitated to were sent overseas, leaving them with nowhere else to turn—except maybe to lower-paying jobs in the service and retail industries (that is, if enough such jobs were even available).

Poverty isn't a Money Problem

This can not be said enough: "People don't choose to be poor."

Most people do all they can to better their lives. It's not the mismanagement of their available resources, it's not being able to obtain the minimum resources necessary in which to survive—such as being able to find a job, or finding a job that pays a living wage, or finding a job that offers enough hours. Some of the poorest people manage their money better than anyone else, because their lives depend on it. They are attempting to "take personal responsibility for their lives".

Corporate Welfare vs. Public Welfare

Last night on MSNBC's The Last Word, Lawrence O’Donnell in his "Rewrite" compared the new 5-year farm bill to Socialism; where taxpayers have to guarantee profits for large corporate farmers with crop insurance and farm subsidies (bad socialism), while at the same time, the Republicans and the Democrats also agreed cut food stamps (good socialism) for the poor.

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