In the mid-1970's, in an adjustment towards modernity, the colliding forces of automation, technology, globalization---reached a critical mass-resulting in ubiquitous unemployment in the OECD, i.e., a Market no longer capable of producing the jobs necessary to its viability-and our leaders conflicted, ever since, regarding the displaced employee. Eurozone unemployment is in double digits as this goes to print, with Greece and Spain both in excess of 25%. In the U.S., we took a Pro-Market role in addressing this paradigm shift in the world economy, and our resulting "malaise"-and in 1978 President Carter signed into law 15 USC § 3101--which provides us with the "legal authorization" to reduce our unemployment to "3%", or less. The Market thrives when we have a robust, employed consuming workforce-but in spite of the oft dire social consequences of insidious unemployment, and a diminished Market economy-this "legal authorization" has inexplicably been ignored---but not without severe social/economic/political consequences: A major mantra in the 2008 election was "Fix Unemployment" but when the Democrats failed to do this, a retaliatory Republican electorate ushered in a House filled with lunatics in 2010, with ideas popular in the 8th Century, BC-and our being remiss has given our racists and our uninformed a seat at the table, and a Washington in paralysis.....
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