Yes they do.
They always have, they do now, and they always will. It’s one of those rules of political science.
People ask me if the rightwingers and the rich actually believed that trickle down economics would stimulate the economy. Who knows? Stimulus spending does a great job of stimulating the economy, but the trickle down people hate it. The rich and the rightwing are not interested in stimulating the economy. They deliberately blew up the economy few years ago, and they don’t even care.
The rich are always rich no matter what the economy is like. They could care less about the economy. They could care less about the unemployment rate. Have you noticed recently that with this ruined economy, the corporations have been posting record profits nonetheless? Have you noticed the stock market is going gangbusters while the nation sighs and heaves in its death throes? This is all that important to the rich – profits and stock prices. As long as those are booming along, the country can go to Hell for all they care.
The rich are the enemy of the nation.
They always have been. Patriot and rich man are oxymorons. If there’s money to be made dealing the enemies of the homeland, the rich will sell out the homeland for a song. During colonial times, the rich always sided with the colonists who raped and ruined the land and the people for the colonial loot. The rich made deals with the colonial rapers so they got a cut of the ruination of the nation.
During anticolonial battles, the rich sided with the colonists. The rich Jews in the Arab World in particular sided with the colonists and opposed decolonization. The Algerian Jews supported the French. The Lebanese Christians supported the French.
In Indochina, the rich supported the French in the war and then sided with the neocolonial Americans during the Vietnam War. In Palestine, the rich Palestinians have always been willing to sell out the homeland in a heartbeat. The rich Palestinians think that the Palestinian nationalist and anticolonialist (anti-Zionist) movement is bad for business. They’ve been trying to cut a crappy deal with the Zionists forever to sell out the homeland.
The rich are always traitors.
The Korean rich collaborated with the Japanese colonists in Korea. After 1945, most of the rich traitors fled to South Korea. The leading elite of South Korea has always been made up of the worst traitors and collaborators with the Japanese. In contrast, those who fought against the Japanese fled to the north, so North Korea at least has had the reputation of heroism in the anti-colonial war, which they have played up.
Trickle down economics doesn’t even work. It’s just a wealth redistribution project, and in many cases, it doesn’t even grow the economy very well, as all it does is hollow it out.
It’s just good for rich people and big businesses. All the money flows to the top. Friedmanomics (trickle down) has been tried all over the world for decades. All it does is cause a massive transfer of wealth from the bottom 80% to the top 20% of society, which is why the rich are all for it. At the same time, it severely guts the state through privatization and revenue loss. At some point, it totally blows up the economy and ruins everything, as we just saw here in the US. It’s inherently unstable, and you get wild runs and booms and then horrible crashes.
The nations that have tried Friedmanomics in the most extreme form have been the most ruined by it. Chile was wrecked by the Chicago Boys in the most radical economic experiment of the modern era.
Poland, Lithuania and Latvia elected hardline Friedmanite neoliberals, and all three nations have been badly hammered in the latest downturn. Latvia has been wrecked. Wages plunged by 30% – actually, the Friedmanites cheered this on and said it was one of their major goals. Poland has 19% unemployment and a battered public sector. The public sector has been burned out in Latvia and Lithuania. In Latvia, the economy plunged 24%. Most educated Latvians are leaving the country – there is a huge brain drain going on.
Ireland introduced radical neoliberal reforms, including a nearly zero income tax for corporations. They deregulated the banking sector. The result was that the entire Irish banking system collapsed, and now the Irish will have to pay off the bankers for decades of debt slavery to the bankers, the masters of the world. Furthermore, the Irish state has been gutted and wages have crashed.
People ask me if the rich establishment wrecked the state on purpose. They can’t believe that the rich would do something like that.
Of course they will. They rich will always or nearly always try to destroy the state.
They want to privatize as much of society as possible and pay as few taxes as possible. The rich have always been this way. I have seen a document from Italy in the 1300’s that describes the mindset of the businessman: he wants the state to get out of way and do as little as possible in society. All the state does is interfere with his money making project. For the businessman, it’s always the least state that’s the best state.
The rich actually want to wreck the state.
They want to defund it. Look at the 3rd World. Everywhere in the 3rd World, you have a wrecked, defunded, anemic state. That is because the rich run most 3rd World countries and this is their project – a minimal state. The 3rd World rich also pay almost no taxes, so there is no money to run the state.
The result of the defunded state is your typical 3rd World shithole, but the rich don’t care that they live in a shithole for some reason. They just buy a 4 by 4, a mansion with razor wire and armed guards, bottled water, a generator, and they’re ready to go. They have their fancy private schools for the kids and fancy doctors for when they get sick. Everyone else can drop dead and go to Hell.
The rich don’t need the state for anything.
All they want is cops and army. Everything else is useless and might as well be privatized.
They even hate public education, and they are trying to destroy that too, but they will not succeed. What we will end up with here in the US is ruined pubic education which is underfunded and terrible like we have in the Turd World. Anyone with any sense would put their kids in private school. All the rich send their kids to private schools, so they hate public education. They get taxed for it, but they don’t use it. They won’t succeed in getting rid of public education in the US, but they will radically defund it.
The rich don’t like anything the government does. Nothing, nada, zip, zilch. There’ s nothing in it for them, and they have to pay tons of taxes. They really resent it.