Re:Is Inequality Inevitable?
by JoeAltmaier on Thursday November 07, 2019 @12:22AM
(#21470659)
I think that's terribly, terribly naïve. Most wealth was skimmed from other's work through manipulation of stock, bonuses, grants and other executive-suite routines. There's no longer any amount of skimming that's considered egregious. Its ramping up and up without limit.
>Most wealth was skimmed from other's work
Or you know, just by taking the surplus value of someones labor.
Re:Is Inequality Inevitable?
by JoeAltmaier on Thursday November 07, 2019 @08:32AM
(#21472984)
Again, naïve. The executive suite takes huge bonuses, while there's been no raise for the rank-and-file for a decade. Bonuses even when there's little profit. All rationality has left the equation.
Lets stop living in the 1960's. Don't take our impression of American business from history. Today its very, very different and very, very predatory.
EDIT: Ah yes, rent-seeking is a problem. That was identified by Adam Smith, and it's a problem that's as yet unsolved.