I can explain how
The Fed is pumping money into assets which the rich hold disproportionately compared to the poor, which is encouraging them to invest in shyt like stocks and real estate rather than companies and shyt that employ the poor and enable them to develop wealth
Plus the uncertainty of the Fed's monetary policy has distorted things to where companies have a great excuse to hoard cash and juice the hell out of employees.... the economy has "recovered" but the new normal is employers who have much more power over employees
Not sure why conclusions can't be drawn from "trends" either.... the wealth gap has been growing for decades; how long does it have to continue to grow before you will allow the world to talk about it?
I've been posting this for years. Lets not act like you haven't been influenced by my posting son. I want my credit.
In any case, friend. While your reading is right, your conclusion as to what economic philosophy behind this is wrong. The Fed and the private entities that run it, want nothing more than for the public to HATE capitalism. See, in their world they'd love a Cuba style economy in which everyone but a hidden few rich and powerful live off of rations ultimately distributed by them. They can only achieve this if everyone is willing to give up on what capitalism is truly supposed to be.
Make no mistake, there is very little capitalism at work in the US economy (atleast on the multi billion dollar level). Mostly every industry is cartelized to some degree. There are even laws on the books that make it where a company that opens up and offers a good or service at price too cheap when compared to said industry's can be bought up on charges of attempting to monopolize. This is how cartels keep their power. When you combine such laws (and many others) with a Fed that caters favorably to huge multinationals, it's not hard to see what's happening here.
Why do you think, for example that all the big cell phone carriers all have their plans similarly priced? Or cable providers? Say, if you were able to take millions and open a cell phone company and offer to the masses unlimited talk, text and data for a flat $10/month, if you didn't sell your business to one of the big 4 cell providers in time you'd be bought up on said charges, friend (after you got big enough to be a threat, ofcourse).
It's corporatism for the few, socialism for the many.
over Krugman's defense of stimulus and the Fed's monetary expansion policies. If anyone has influenced me its all the right leaning millionaires I know in real life... u are just a messageboard loudmouth contrarian :weazle:
Since everyone's money is growing in value, it must be great for the economy!!!!
