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> For example, instead of attacking economic inequality, we should attack poverty. The problem is the people on the rentier side of the economic inequality sca
by obrero 11y ago
> For example, instead of attacking economic inequality, we should attack poverty.
The problem is the people on the rentier side of the economic inequality scale are doing the opposite. They want poverty. The need poverty. It is the cornerstone of the rentier system.
Here is a BusinessWeek article: http://www.businessweek.com/1999/99_44/b3653163.htm http://www.businessweek.com/1999/99_44/b3653163.htm
What does it see as the problem? Unemployment is too low. Too many people who want to work are working. Businessweek sees this as a problem. CEOs and LP's and rentiers see this as a problem.
Workers work. They create wealth. A carpentry shop has carpenters bang wood and nails together to make tables. The workers labor creates wealth - wood and nails becomes a table which costs more.
For the first six hours a day the worker keeps the wealth they create - their wage. The rest of that revenue goes for replenishment of supplies - wood, nails, 1/90th of a hammer cost etc.
For the last two hours a day, the worker is not paid the wealth they create. It goes in profit to the heir who owns the manufacturing plant. The worker's surplus labor time is being expropriated by the heir.
If unemployment was low, if poverty was lessened - then those who work could demand to be paid for more of their time. Increasing unemployment, increasing poverty lessens the chance of this happening.
The LP's, the heirs want poverty. It's an essential cornerstone of their profit and expropriation.
Centuries ago, most of the world were farmers under feudalism (or hunter/gatherers etc.) There was not structural unemployment then. Lords wanted farmers working hard to sow during planting and reap during harvest. Only in our modern age of capitalism do those who control production desire poverty, unemployment etc. That Businessweek article lays out a portion of that ideology, it's been spoken of elsewhere for a long time.
The idea that the heir LP's on the other end of the inequality divide want poverty to end is absurd. The reserve army of labor is a foundational necessity of the system.