Is a government program the only way to intervene in the economy? No, says Dean Baker, noting that there are many ways government could act in the economy without using taxpayer dollars and instead using rules. For example:
- Patent protections for prescription drugs cost Americans $300 billion a year
- CEO compensation could be changed from a game of mutual back scratching - you raise my salary, and I'll raise yours - to regular approval by shareholders in a vote where unreturned proxies do not count.
What other ways are there to change the rules to support the middle class and a sustainable economy?
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