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Post ArFav7FM9JZ8ipWAF6 by [email protected] |
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Post #ArFav4pP8pcPDlMPVw by [email protected] |
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Thomas Piketty's 2013 unexpected bestseller (a 750 page economics book tran… |
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Post #ArFav50OTyPPlqVBdw by [email protected] |
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Let me sketch out that argument really briefly for you here. Absent any kind of… |
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Post #ArFav58XzevmB8JhLs by [email protected] |
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Gates founded Microsoft in 1975 and stepped down as CEO in 2000. In the interve… |
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Post #ArFav5HPSi1IccSmAK by [email protected] |
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Now consider Liliane Bettencourt, who, during Bill Gates period as Microsoft CE… |
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Post #ArFav5PCziG50o70K0 by [email protected] |
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Gates made his money by *doing something*. Bettencourt made her money by *emerg… |
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Post #ArFav5XMVOmRQ5vW1w by [email protected] |
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That's what r > g means: that even the most successful worker in human h… |
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Post #ArFav5fA2P1DoHZkBc by [email protected] |
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Because they're getting wealthier faster than the economy grows, they come … |
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Post #ArFav5nJY5XaDZOFtY by [email protected] |
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He devotes many of those 750 pages showing how even the most profitable sectors… |
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Post #ArFav5vT3m3wcrClbU by [email protected] |
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But (Picketty continues), oligarchy is intrinsically destabilizing. For one thi… |
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Post #ArFav63GamIj12qzlA by [email protected] |
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That's not the only way extreme wealth inequality creates political instabi… |
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Post #ArFav6B47mXVPEVDuq by [email protected] |
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So sensible policies that are needed to ensure an orderly, stable society (for … |
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Post #ArFav6I9hQD7lDosy0 by [email protected] |
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This time series shows the same pattern emerging over and over: as the rich get… |
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Post #ArFav6PFH3sk7D8Y1A by [email protected] |
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These are orgies of capital destruction, and because nearly all the capital is … |
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Post #ArFav6WgpNpwUIcUca by [email protected] |
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But, if this society doesn't include some kind of mechanism to address the … |
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Post #ArFav6eUMO4isUGimG by [email protected] |
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So, let's talk about Ronald Reagan! By the late 1970s, the share of wealth … |
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Post #ArFav6lvui1vFZkfNg by [email protected] |
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Then, we get a deregulalatory bonfire: lower taxes for the rich, looser rules f… |
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Post #ArFav6t1ULhXbZ4KQq by [email protected] |
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Monopolies consume the American economy. GDP goes up, because the corporate sec… |
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Post #ArFav7073zN9xYNzU0 by [email protected] |
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Your life's savings are stolen by a subprime mortgage, or a pension-fund ra… |
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Post #ArFav77Cdd2mJXheXA by [email protected] |
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The other one is *also* captured by finance ghouls, but welds them into a coali… |
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Post #ArFav7FM9JZ8ipWAF6 by [email protected] |
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It's common for Americans to write off Europe because its "economy isn… |
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Post #ArFav7MnhdWL5v06qW by [email protected] |
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"When measured in terms of purchasing power parity, the reality is very di… |
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Post #ArFav7UFFxTXT0U3Rw by [email protected] |
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The US is losing control of the rest of the world, and Trump is accelerating th… |
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Post #ArFav7d6j0Z3uUd8GO by [email protected] |
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What's more, the fact that dollar-clearing takes place at the Federal Reser… |
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Post #ArFav7lGEh5QJmRdyK by [email protected] |
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The rest of the world was already increasingly nervous about the way that the U… |
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Post #ArFav7uTgQSWmMl0L2 by [email protected] |
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Trump is also waging war on the CIA and NSA. Good riddance, sure - but these ar… |
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Post #ArFav82dC6ytBeZW2y by [email protected] |
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To access US markets, foreign governments must enact punitive laws that make it… |
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Post #ArFav8BUfA4Pd8iarQ by [email protected] |
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Not all the profits of giant US companies arise from ripping off 99% of America… |
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Post #ArFav8IwDU1c0ECXSq by [email protected] |
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As Piketty says, Trump dreams of a "national capitalism." National ca… |
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Post #ArFav8RRhqpYQcBKj2 by [email protected] |
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National capitalism walls its oligarchs off from the possibility of draining th… |
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Post #ArFav8ZFEr4KonpYsi by [email protected] |
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Piketty says it's a dead end. As the US is abandoning its role as global ru… |
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Post #ArFav8ggnB1XBtJVU8 by [email protected] |
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> After 1945, Europe rebuilt itself through the welfare state and the social… |
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Post #ArFav8oqIrXtbB81C4 by [email protected] |
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I'm on a 20+ city book tour for my new novel *Picks and Shovels*. Catch me … |
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Post #ArFav8xLnELq1Z6oSG by [email protected] |
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Image:Cryteria (modified)https://commons.wikimedia.org/wiki/File:HAL9000.svgCC … |
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Post #ArFav9AT0SqKgFFHto by [email protected] |
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@pluralistic .C., there’s a corresponding and likely causative psychological … |
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Post #ArFkwveVE8bWspmbnU by [email protected] |
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@pluralisticIn 1968, Will and Ariel Durant published a small book entitled &quo… |
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Post #ArFkwvp8ab6xPol6NE by [email protected] |
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@mizblueprint @pluralistic Wealth concentration is an inherent property of a ca… |
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Post #ArFkww3fiYjm8tYi1o by [email protected] |
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@weaselx86 @mizblueprint @pluralistic I'd say that it goes deeper than that… |
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Post #ArFmqjGcYtPUdsmfce by [email protected] |
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@murdoc @weaselx86 @mizblueprint @pluralistic Does downward wealth redistributi… |
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Post #ArFmqjQXxzLl8fQb5s by [email protected] |
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@rjrosati @weaselx86 @mizblueprint @pluralistic I don't know of any time in… |
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Post #ArFotWOv3PutW27nRA by [email protected] |
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@murdoc @rjrosati @weaselx86 @pluralisticThis looks like the Musk Manifesto, ab… |
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Post #ArFotWYUTpZZzibRM8 by [email protected] |
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@mizblueprint @rjrosati @weaselx86 @pluralistic If that's what you are seei… |
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Post #As3LQBJdO8tkEnglHc by [email protected] |
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@weaselx86 @mizblueprint @pluralisticThe principle of accumulated advantage or… |
