Economic musing, supply-side vs demand side etc

[Populist_Prole]

First off, I think the whole supply-side/trickle-down theory is bullshit; But why is one glaring point never brought to light? The dots never connected?

What I mean is this:

The plutocrats/corporatists and their sock-puppets in government and the media are of one steady drumbeat that it's not the 99 percent that drive the economy, it's the "job creators" having cash to invest, and all that happy horseshit.

OK, then why are these same people so panicky about inflation, and move quickly to counter it, every time the 99 percent/working class' income goes up? Aren't they really admitting ( albeit indirectly ) the huge effect of the spending power of the working class on the economy?

I've never once heard these two pieces of well known info put together, let alone used to counter supply-sider's claims.

[JonLP24]

1. Bingo

After the rise of unions & collective bargaining it created a "spending class" from about the 60s into the 90s where they could buy everything they need as well as plenty of things they don't need. This was good for businesses as well as new businesses to meet the demand of consumers who had money to burn. 1% doesn't like that because it opens the door to competitors.

I'd have to look in the specifics on what led besides the rise of strong unions to the "spending class" but certainly the idea if give the rich more money, they'll make more, and sell more is bullshit when they'll only create the supply necessary to match the demand.

[upaloopa]

2. Leisure time and the money to enjoy it aided

consumerism.
In 1964 Ford came out with the Muatang aimed at young people who took "rides" for the fun of it. Gas was cheap jobs were available and roads were wide open. A whole load of other consumer goods were provided to them. I got my first car in 1965. A 64 1/2 Mustang. I just graduated high school and had a good paying job in a grocery store. I was in a union and had time on my days off and vacation to drive. Until I was drafted of course.

[Populist_Prole]

3. Bingo back at ya

"they'll only create the supply necessary to match the demand"

It's so obvious, but I've never heard in MSM this point made clinically, let alone rhetorically/politically.

It's so freakin' obvious.

[JonLP24]

4. Yeah I never heard it either

Truman debunked trickle-down economics over 70 years ago but it is still taken seriously.

With the media there are so many things they say then I say "why aren't they mentioning (this)?" Sometimes I'll feel like am I the only one that knows this?