Richest 1% Now Wealthier Than the Rest of the World, Oxfam Says
- Thread starter JahFocus CS
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88m3
Fast Money & Foreign Objects
tell that to millions of Americans who have lost their livelihoods....
Is there any evidence of economic expansion being directly stifled by income inequality? 
As far as I can tell the whole income inequality argument centers around social cohesion...
As far as I can tell the whole income inequality argument centers around social cohesion...
Automation is a step towards eliminating scarcity.Only if we get some goddamn public ownership of the means of production going
Probably yes. And that's why public ownership, or severe increases in taxation, of the means of production makes more and more sense if you accept that arguement.
Also I believe it's a common argument that many potential entrepreneurs are stifled by a lack of an economic safety net.
Well Gary did say he would become a socialist when post scarcity arrives
Well Gary did say he would become a socialist when post scarcity arrives
I'm looking forward to it
Well Gary did say he would become a socialist when post scarcity arrives
Make money with no money brehsIs there any evidence of economic expansion being directly stifled by income inequality?
As far as I can tell the whole income inequality argument centers around social cohesion...
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JahFocus CS
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This means there was more equality in centuries past?
[napoleon]But why exactly should the rest of the world have any wealth?[/napoleon] 
duh. how can economies continue to expand if people aren't able buy what's being produced?
and you make these comments as if social cohesion should be an afterthought of economic growth
do you not understand that these things go together?
is there any evidence of unrestricted growth being healthy at this stage? especially environmentally?
"Aggressive growth is impossible ecologically and implausible economically. We need economic strategies at the local, state and national levels that prioritize community benefit over corporate gain, and which presume a need for local resiliency instead of depending on uncontrolled growth. We also need to develop new strategies to democratize wealth in the face of extreme inequality. Like the programs developed in “the state and local laboratories of democracy” that led to the New Deal, numerous experiments percolating across the country in the “new economy” — building cooperative and community-owned businesses, developing locally focused supply chains at a municipal and regional level, building new forms for public ownership of essential services like banking and power generation — may just point the way. The end of growth poses a long-term systemic challenge, and such explorations suggest that a new direction may be quietly being explored in the midst of economic and ecological degradation. It is a direction that is likely to accelerate as economic and social pain of the decaying economic system continues to force Americans to explore solutions that take us beyond the tired nostrums of the past."
Is there any evidence of economic expansion being directly stifled by income inequality?
As far as I can tell the whole income inequality argument centers around social cohesion...
duh. how can economies continue to expand if people aren't able buy what's being produced?
and you make these comments as if social cohesion should be an afterthought of economic growth
do you not understand that these things go together?
is there any evidence of unrestricted growth being healthy at this stage? especially environmentally?
"Aggressive growth is impossible ecologically and implausible economically. We need economic strategies at the local, state and national levels that prioritize community benefit over corporate gain, and which presume a need for local resiliency instead of depending on uncontrolled growth. We also need to develop new strategies to democratize wealth in the face of extreme inequality. Like the programs developed in “the state and local laboratories of democracy” that led to the New Deal, numerous experiments percolating across the country in the “new economy” — building cooperative and community-owned businesses, developing locally focused supply chains at a municipal and regional level, building new forms for public ownership of essential services like banking and power generation — may just point the way. The end of growth poses a long-term systemic challenge, and such explorations suggest that a new direction may be quietly being explored in the midst of economic and ecological degradation. It is a direction that is likely to accelerate as economic and social pain of the decaying economic system continues to force Americans to explore solutions that take us beyond the tired nostrums of the past."
