3 ms·
One of my favorite Professors once made the point that in Soviet Russia you could replace ''political power'' with ''wealth'' and it became a very similar syste
by nugget 11y ago
One of my favorite Professors once made the point that in Soviet Russia you could replace ''political power'' with ''wealth'' and it became a very similar system to the West. By law no Russians owned any personal property but the 1% ruling class (and really the 1% of the 1%) had more political power than everyone else combined. It was a capitalist system that used political power as its currency instead of dollars, which meant it was much less efficient (and personally cruel in many cases), but still tended towards extreme inequality.
As far as America today, aren't we ever just one election away from massive wealth redistribution?
As the ranks of the ''educated poor'' swell at the expense of the middle class, and we transition from an ownership economy to a sharing economy (wherein the average person now rents a condo forever and uses on-demand transpo and other services and owns very few material possessions), and access to the polls is increased as voter suppression is decreased and the impact of social media is fully realized (inevitable at some point), then we are in for some interesting times.