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A comment on Wealthy rent-seekers who profit from unjust government policy. Parent comment
There are complexities, but every issue can be simplified. I think economic inequality can be boiled down to a few key issues:
1. The Imperial War Machine: Iraq/Iraq II/Libya/et al -- very expensive, no economic return for anyone but the military-industrial complex [0]
2. Economic warfare on Mexico/et al [1] in the 1980's -> Economic Refugees
3. Free Trade -> more economic refugees (NAFTA put Mexican subsistence farmers [2] in direct competition with mechanized agriculture)
4. Cost-disease: medical-industrial complex edition
5. Concentration of wealth -> investors seeking returns for their investments.
[0] https://www.cnbc.com/2017/01/18/chinese-billionaire-jack-ma-... [1] https://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit... [2] https://en.wikipedia.org/wiki/Subsistence_agriculture
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There are complexities, but every issue can be simplified. I think economic inequality can be boiled down to a few key issues:
1. The Imperial War Machine: Iraq/Iraq II/Libya/et al -- very expensive, no economic return for anyone but the military-industrial complex [0]
2. Economic warfare on Mexico/et al [1] in the 1980's -> Economic Refugees
3. Free Trade -> more economic refugees (NAFTA put Mexican subsistence farmers [2] in direct competition with mechanized agriculture)
4. Cost-disease: medical-industrial complex edition
5. Concentration of wealth -> investors seeking returns for their investments.
[0] https://www.cnbc.com/2017/01/18/chinese-billionaire-jack-ma-... [1] https://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit... [2] https://en.wikipedia.org/wiki/Subsistence_agriculture