Robert Reich on 3 myths blinding us to the economic truth"

Robert Reich, former Secretary of Labor in the Clinton cabinet and now professor at University of California, Berkeley, wrote this to be shared.   I find it worth posting:

"The three biggest myths that blind us to the truth"

"1. The "job creators" are CEOs, corporations, and the rich, whose taxes must be low in order to induce them to create more jobs. Rubbish. The real job creators are the vast middle class and the poor, whose spending induces businesses to create jobs. Which is why raising the minimum wage, extending overtime protection, enlarging the Earned Income Tax Credit, and reducing middle-class taxes are all necessary.

"2. The critical choice is between the "free market" or "government." Baloney. The free market doesn't exist in nature. It's created and enforced by government. And all the ongoing decisions about how it's organized - what gets patent protection and for how long (the human genome?), who can declare bankruptcy (corporations? homeowners? student debtors?), what contracts are fraudulent (insider trading?) or coercive (predatory loans? mandatory arbitration?), and how much market power is excessive (Comcast and Time Warner?) - depend on government.

"3. We should worry most about the size of government. Wrong. We should worry about who government is for. When big money from giant corporations and Wall Street inundate our politics, all decisions relating to #1 and #2 above become rigged against average working Americans."

To me, this all seems so simple and so logical that I have trouble understanding why anyone would claim otherwise and adhere to beliefs about the economy that just do not make sense and do not hold up to empirical scrutiny.

So, do you think all those supply-siders, trickle-downers, and get-government-off-my-back-but-don't-take-away-my-social-security types really believe that junk?   Are they just playing politics with the truth?    Do I have corresponding blind spots that make me seem stupid?    I just don't get it -- how a thinking person can buy these myths.   They don't try to refute the contrary evidence;   they just keep repeating the myths, as though that will make them true.

Ralph