Economics is not âdividedâ left and right inasmuch as it is divided up and down. Almost everybody is concerned about class and wealth, having money, not the left-right divide which is as I will outline hereâŚ
Left & Right is divided by two primary factors:
- How to make/aquire money.
- How to spend (whose) money.
The âRightâ promote and encourage, believe in, a system of making money by âhard workâ. Work 9-to-5, and you deserve your money. Furthermore, the Right believes the government should tax employer and employee very little or not at all (going all the way to Libertarians, which is as âFar Rightâ as you can get). Libertarians want a Privatized Economy, meaning, that people would need to pay for âgovernment servicesâ, such as privatized police, firefighters, doctors, and even Military. The problem with Far-Right economics is, a weak military, and infighting. A nation is only strong through public military, meaning, everybody pays, and pays a lot, to gain and keep Military strength. If you donât understand this, then you donât understand âRightâ economics.
The âLeftâ promote and encourage, believe in, a system of making money by âentitlementâ. By merely being born, you deserve your money. Thus it is Government, Culture, Society, Religion, Parents, Evil-Whitey, who âoweâ everybody, especially the poor. According to the Left, the poor, are poor, and will always be poor, not because of their work-ethic, lack of ability, lack of ambition, but rather out of oppression. The rich âkeepâ the poor down, using and abusing them. And so, based on (In)justice, The Left is less concerned with actually âmaking moneyâ as opposed to Redistribution of the current economy. Thus the Left focus on high taxes, increasing taxes, government subsidies, welfare, âsocial programsâ, social justice, etc etc.