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

midden said @ 11:11pm GMT on 9th August
We already have more people than we need to sustain those people. That's part of what leads to low-paid busy work like fast food restaurants. It just doesn't take many humans to produce all the food, shelter, clothing, transportation, entertainment etc we need for a thriving society. The catch is that is only true of the wealth is more evenly spread around. There is plenty of wealth right now to give every human alive an excellent standard of living, and still have plenty concentrated in an elite class of competitive innovators.

More growth only serves to produce more, unnecessary wealth to be further concentrated with those who don't need it.


midden said @ 11:15pm GMT on 9th August
We already have more people than we need to sustain those people. That's part of what leads to low-paid busy work like fast food restaurants. It just doesn't take many humans to produce all the food, shelter, clothing, transportation, entertainment etc we need for a thriving society. The catch is that is only true if the wealth is more evenly spread around. There is plenty of wealth right now to give every human alive an excellent standard of living, and still have plenty concentrated in an elite class of competitive innovators.

More growth only serves to produce more, unnecessary wealth to be further concentrated with those who don't need it. We are already stressing the planet more than any single species in history. Perhaps there's room for some more growth at some point in the future after we get our shit together, but there certainly isn't any with the way we currently do things.



<-- Entry / Current Comment
midden said @ 11:11pm GMT on 9th August
We already have more people than we need to sustain those people. That's part of what leads to low-paid busy work like fast food restaurants. It just doesn't take many humans to produce all the food, shelter, clothing, transportation, entertainment etc we need for a thriving society. The catch is that is only true if the wealth is more evenly spread around. There is plenty of wealth right now to give every human alive an excellent standard of living, and still have plenty concentrated in an elite class of competitive innovators.

More growth only serves to produce more, unnecessary wealth to be further concentrated with those who don't need it. We are already stressing the planet more than any single species in history. Perhaps there's room for some more growth at some point in the future after we get our shit together, but there certainly isn't any with the way we currently do things.




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