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Re:Without right policies, automation risks shift of income ... by taurath on Wednesday January 10, 2018 @04:35PM (#16119309)
Popular uprising can and does occur over these power imbalances - however historically you need a level of animosity from the monied and powerful towards the underclass, and in this era the capital rich have been very innovative at manufacturing consent and quelling, appeasing, or splitting discontent.

I’m reminded of what’s been going on in Iran the past few weeks - one of the most grasping anecdotes is that poor and middle class people are seeing the children of the powerful absolutely flaunting their wealth, driving maseratis and Porsche’s down the streets of Tehran, and spending more on dog food for a month than people make in a year. Those optics (just how rich the rich actually are compared to you) have been hidden from a lot of American society via exclusive neighborhoods and private airports and a general amount of discretion.

We also don’t have discussions around class because our class hierarchy involves a lot of different verticals by virtue of not having only one culture. The elites of the culture that one belongs to look both a lot more attainable, or at least more inclined to interests that align with the rest of the culture.

So instead of the conflict being up the ladders, the conflict happens between different ladders. That’s at least how I view the current political climate.

Re:Without right policies, automation risks shift of income ... by pembrook on Wednesday January 10, 2018 @04:49PM (#16119445)
Except in the US you can just turn on the Kardashians. New money in the US is not at all hidden and flaunted just as it is everywhere else.

The difference between wealth in frontier/emerging market economies like Iran and developed market economies like the US is corruption.

If you see someone driving a Lamborghini in Tehran, it’s fairly safe to assume acquiring that car involved a level of government corruption. If you see someone driving a Lamborghini in any US city, it’s fairly safe to assume that person acquired the wealth to purchase that car through lawful free market activity.

Is there corruption in the US? Of course. But it pales in comparison to what you find in developing economies.

Re:Without right policies, automation risks shift of income ... by ethbro on Wednesday January 10, 2018 @08:06PM (#16120652)
I'd argue that new money (e.g. Kardashian, <$250 million in the immediate family) is a drop in the bucket compared to real American, old money wealth.

E.g. the kind where your son being set up to run for President in 20 years is negotiated at a private golf club while ensuring the references are lined up for his children to get into the right schools