Tomasky discusses the myths that Obama needs to dispel during his party’s upcoming convention. One in particular caught my attention: the idea that the President needed to confront the myth that he allegedly believes that jobs comes from government.
What’s wrong about that? In one sense, it is a myth: to the extent that jobs are an outgrowth of sales, which are a function of aggregate demand, it is wrong to say that the public sector per se creates jobs. But demand (and, by extension, sales) is more robust when employment rates are higher and, in that sense, it matters not to the restaurant owner, or the engineering firm, whether the source of that demand comes from a private or public sector job. The teacher’s cash is just as good at the cash register as the accountant’s.
So why does the president even need to disparage the notion that good jobs and vocations cannot come from public employment in order to prove to American voters that he’s not some kind of radical Marxist?
The USA used to value the idea of public service. Remember, “Ask not what your country can do for you – ask what you can do for your country”? That was the essence of much of the idealism underlying the Kennedy era. Peace Corps, not leveraged buy-outs; public works, instead of credit default swaps. This was before the beginning of the neo-liberal onslaught that evolved in the late 1970s into the vapid and rabid belief that self-regulating markets would deliver the highest wealth to all of us. The privatisation and deregulation accompanied that mantra, much of which is the source of our present misery and income inequality, as public goods have rapidly become converted into private rents.
Which brought up a bitch I have had for a long time with the private sector. Not only their disdain for those of us who have worked in the public sector as some how being inferior but the whole idea that if you are not performing some task or creating something or producing something for personal profit, you are some how not serious about what you are doing.
How the hell did the idea that those who are “Only in it for the money” are superior to everyone else come about ? Talk about sanctimonious arrogant horse crap. The truth is that those in the private sector are only serious about one thing. Making as much money they possibly can and they do not give a wet slap how they do this.
Wall Street and the banks are the perfect example how the private sector really does not want to provide a product or service for their money unless force to. And if they can manipulate the law to steal it, they will.