Wednesday, 9 August 2017

Our Broken Economy, in One Simple Chart

quote [ Many Americans can’t remember anything other than an economy with skyrocketing inequality, in which living standards for most Americans are stagnating and the rich are pulling away. It feels inevitable.

But it’s not. ]

But yeah, you should elect someone on the take from Wall Street. It'll work out alright.
[SFW] [dystopian violence] [+8 Underrated]
[by foobar]
<-- Entry / Comment History

norok said @ 2:35pm GMT on 9th August
This isn't new and is entirely predictable. In any creative domain there will be unequal production and distribution of products and wealth will differ by orders of magnitude.

The top 0.7% of wealth holders control more than 89.47% of the wealth. Is this something Bernie would say... or is it the distribution of Bitcoin within its young, isolated, and completely unfettered economy?

Approaching economic theory from the perspective of an agenda takes you farther from the truth.


norok said @ 2:41pm GMT on 9th August
This isn't new and is entirely predictable. In any creative domain there will be unequal production and distribution of products and wealth will differ by orders of magnitude.

The top 0.7% of wealth holders control more than 89.47% of the wealth. Is this something Bernie would say... or is it the distribution of Bitcoin within its young, isolated, and completely unfettered economy? Fact of human greed, force of economic nature; either way not something you can do much about.

The better question is; how has society fared overall? We could use poverty statistics but the standards change year to year. A better metrics would be how has the percentage of people living in air conditioning risen during the same time.

Approaching economic theory from the perspective of an agenda takes you farther from the truth.


norok said @ 2:42pm GMT on 9th August
This isn't new and is entirely predictable. In any creative domain there will be unequal production and distribution of products and wealth will differ by orders of magnitude.

The top 0.7% of wealth holders control more than 89.47% of the wealth. Is this something Bernie would say... or is it the distribution of Bitcoin within its young, isolated, and completely unfettered economy? Fact of human greed, force of economic nature; either way not something you can do much about. Nor is it attributable to a moral standing.

The better question is; how has society fared overall? We could use poverty statistics but the standards change year to year. A better metrics would be how has the percentage of people living in air conditioning risen during the same time.

Approaching economic theory from the perspective of an agenda takes you farther from the truth.



<-- Entry / Current Comment
norok said @ 2:35pm GMT on 9th August
This isn't new and is entirely predictable. In any creative domain there will be unequal production and distribution of products and wealth will differ by orders of magnitude.

The top 0.7% of wealth holders control more than 89.47% of the wealth. Is this something Bernie would say... or is it the distribution of Bitcoin within its young, isolated, and completely unfettered economy? Fact of human greed, force of economic nature; either way not something you can do much about. Nor is it attributable to a moral standing.

The better question is; how has society fared overall? We could use poverty statistics but the standards change year to year. A better metrics would be how has the percentage of people living in air conditioning risen during the same time.

Approaching economic theory from the perspective of an agenda takes you farther from the truth.




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