Commentary

Bernie Sanders: Keeping US from Becoming Oligarchy Is ‘A Struggle We Must Win’

(BILL MOYERS.COM) Nadia Prupis, March 30, 2017 — US Senator Bernie Sanders (I-VT) gave a speech at the Brookings Institution in Washington, DC on Monday to talk about his proposed recovery program and to address the economic challenges facing the US, both at present and in the future, particularly as the wealth gap grows and financial institutions escape accountability.

“[W]e are moving rapidly away from our democratic heritage into an oligarchic form of society,” Sanders said. “Today, the most serious problem we face is the grotesque and growing level of wealth and income inequality. This a profound moral issue, this is an economic issue and this is a political issue.”

“We need to take a hard look at our trade policies which have resulted in the outsourcing of millions of good paying jobs,” he continued. “Since 2001 we have lost more than 60,000 factories in this country, and more than 4.9 million decent-paying manufacturing jobs. We must end our disastrous trade policies (NAFTA, CAFTA, PNTR with China, etc.) which enable corporate America to shut down plants in this country and move to China and other low-wage countries.”

His recovery program, An Economic Agenda for America, would invest in infrastructure; turn away from fossil fuels; raise the federal minimum wage; and close the gender wage gap, among other tenets.

“We need to end the race to the bottom and develop trade policies which demand that American corporations create jobs here, and not abroad,” Sanders said.

Source: Bernie Sanders: Keeping US from Becoming Oligarchy Is ‘A Struggle We Must Win’ | BillMoyers.com