Re:The 'glass floor' keeps the children of the rich at the top
by iamasoftwaredev on Tuesday October 15, 2019 @01:00PM
(#21260774)
> like we're now seeing in Ecuador and other countries.
The protests in Ecuador are about IMF austerity measures. The sort of cruel anti-working class policy we've been seeing peddled by neo-liberals for a long time. The sort of policy that is now seeing a resurgent fascism and socialism.
Re:The 'glass floor' keeps the children of the rich at the top
by dmix on Tuesday October 15, 2019 @01:28PM
(#21261152)
Everyone loves to blame the austerity measures. Not the people or ideology that got them into the mess in the first place.
I'm sure the government can find better ways to pay the money back but it's still a massive burden put onto an already struggling economy which didn't have to exist.
Re:The 'glass floor' keeps the children of the rich at the top
by Apocryphon on Tuesday October 15, 2019 @01:36PM
(#21261251)
Under Correa, living standards increased in Ecuador, and the economy grew. Hard to ask people to not have supported such policies.
Re:The 'glass floor' keeps the children of the rich at the top
by dmix on Tuesday October 15, 2019 @02:21PM
(#21261844)
Things always go great in socialist countries until they run out of other people's money to spend and then the whole thing gets exposed for what it is: an unsustainable system that just makes everyone poorer, all in the name of 'equity' and a bunch of hand-wavy misdirections so they can keep the lie their system is better than capitalism going.
Re:The 'glass floor' keeps the children of the rich at the top
by Apocryphon on Tuesday October 15, 2019 @02:24PM
(#21261890)
What would you offer them instead? People want better lives. And itβs not as if a revolution caused that- the electorate willingly voted in those leaders.
Re:The 'glass floor' keeps the children of the rich at the top
by Apocryphon on Tuesday October 15, 2019 @01:05PM
(#21260831)
In times of rampant inequality and growing economic anxiety, radical solutions become far more appealing to the desperate. While your point isn't far off, those propping up the current system need to actually "to fix what we have and try to be better".
For instance, will those who support capitalism as it is be willing to support for massive estate taxes? Increase the social safety net? Push for greater access to quality education? Otherwise then it just perpetuates the "there is no alternative" narrative that keeps the status quo as it is.
Throwing the baby out with the bath water over a few bad actors has consistently failed and left people far, far worse off. You don't even need to look far back in history to see examples, South American countries were still obsessed with the Bolivarian idea of "capitalism is the root problem" nonsense well into the 2000s... until they ran out of money which masked the unsustainability of their alternative, like we're now seeing in Ecuador and other countries.