Elite do-gooders 'fixing' the world are part of the problem: Giridharadas

Re:Elite do-gooders 'fixing' the world are part of the probl... by causalmodels on Tuesday August 11, 2020 @03:26PM (#24124807)

Incomes have gone up, including for the unemployed. Fiscal stimulus can accomplish much more than monetary policy through the multiplier so comparing headline numbers doesn't mean anything.

And yeah rich people own assets. That's like the definition of a rich person. Take your ax and grind it somewhere else.

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Re:Elite do-gooders 'fixing' the world are part of the probl... by royaltheartist on Tuesday August 11, 2020 @03:52PM (#24125162)

Incomes went up only for the unemployed who got the $600/week unemployment benefit, which just expired. And that's just for the pandemic. Real wages, the actual value of one's wages relative to the expenses in costs in society, have been in a decline since the 80s. Yet, the wealthy have come to control more and more wealth.

This isn't some ax to grind. This is life under a system where the wealthy rule and the rest of us have no choice but to work for them or starve.

[ Parent | on HN ]