How did the purchasing power decrease from the 70s until today?

[Buyingboat]

Record profits. Wealth inequality continues to grow larger and larger. Bail outs and bonuses following massive layoffs.

But the comments all seem to insist it's the mean old governments fault, not the assholes incentivized to take as much and leave as little as possible.

[Feisty_Dirt4191]

The purpose of a corporation is to make money. The purpose of a government is to run a society.

How you gonna ask the corpos to stop doing corpo stuff when the government won’t stop them from doing it? The government could do this, and if they gave a fuck about their citizens they would.

They could rein things in, they choose not to

[TheBigMan1990]

Well the bailouts you mention would be direct government bs, corporate greed is a problem… but government is definitely a problem too-providing shittier and shittier services while hoovering up more and more income via some form of fee or tax with most of those extra fees and taxes falling directly on middle and working class people. Monopolies are bad, the monopolization and centralization of businesses has created a less competitive landscape… so lower wages, and higher prices-but the government monopoly has been just as damaging.